- Security against the collateral they offered you. It doesn’t matter if you’re using it or not. It is a common practice of many full brokers. It was duly written in detail in the account opening form which we all generally miss.
There will be options to cancel this inside the platform. It will be marked as “Auto payout to your demat from pool demat”. Something like it.
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You are paying DP charges because it is being held in DP of Angel. When you sell shares, you have to pay the same.
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Collateral is exactly like pledging. In Zerodha, Upstox You have to choose if you want to pledge. In brokers like Angel, Alice - It get automatically collateralized! (It will not happen if you do not give POA).
4.a. You were informed. In super tiny writings in account opening form.
4.b. You won’t be charged again. It is demat to demat transfer.
They have to process the shares to your account anyways when SEBI quarterly payout happens.
- No tax implication. It’s your shares. You have given them POA to use it for giving you collateral.
PS: I am a sub-broker of Angel Broking.