Do we need OTP Authentication for Unpledge?

Do we need OTP Authentication for Unpledge?

No, we do not need to authenticate for unpledge. The customer just needs to place a request and we will be able to unplegde the same.


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    • How do I unpledge my stocks?

      You can initiate unpledge of securities from HDFC SKY web as well as mobile platforms. For unpledge no need of OTP verification. HDFC SKY App/Web > Go to the Portfolio Tab > Select Security which you want to Unpledge from holdings > You will see ...

    • What is unpledge of Stocks?

      Unpledge of Stocks is releasing the Pledge on your Holdings that are already pledged with the Broker. Stocks remain in DEMAT, hence no movement of stocks takes place.

    • What is the validity of OTP?

      OTP shared by CDSL will be valid for 10 mins.

    • What if I dont get OTP from CDSL?

      That is usually unlikely. If you don't get OTP from CDSL for pledge verification, you will have to retry to get the OTP for pledge verification.

    • How can I sell my Pledged Stocks?

      You need to unpledge the stock first to sell the stock. Go to portfolio and unpledge the stock. Next trading day you can sell the stock from your holdings.