Hello All,
I would like to pledge some shares (which are not part of Approved list of Zerodha) with other Banks.
Can someone share your views which one is best and safe along with unpledge experience with them.
Sorry Team Zerodha for using this space to get some details for personal view.
My unpledge experience with Axis Bank has been very good. With HDFC Bank it has taken a few more days than expected. Maybe it is an aberration
Just wanted to let you know that this is a huge huge huge inconvenience. I wanted to sell some shares but am forced to pay off everything which takes a couple of days in that letting me miss my opportunity and also that I have to find sufficient funds to close it. This one flaw is making the entire experience bad. Plus it has been so long and many other brokers seem to readily allow it, why is it so hard for Zerodha alone then? Why don’t you work a bit more quickly on things that really matter for the end-user?
Any plans to lend against etfs/mutual funds ?
Did you manage to get the loan from the bank? If yes, please do let us know how the process went 
I completely understand. We are at the last stretch, hopefully soon.
Equity MFs yes, very soon. Not sure about ETFs at this stage.
I took time to decide which Bank should i approach and finally took account with HDFC yesterday.
just now i realized i need to transfer shares from CDSL to NSDL and it is costly (2500 Rs) through online.
I need to go offline way which is again time taking process 
Will update here how the process goes thru while applying loan.
Sure, thanks for that.
Hi @Karthik, my wife availed the LAS facility just now. We required funds for at max few weeks. We know we can repay part of it or close the loan altogether to get the securities unpledged. We may be requiring such loans off an on basis for few days to few weeks max. We went through the blogs and got to know that HDFC and probably few others provide overdraft facility with LAS, means approved loan say is 5 lacs, you take out whatever is required, pay interest ONLY on utilised loan, repay in full or part of and may keep on repeating the same. It suits Our kind of requirement. Now my questions are:
Is there a possibility that in association of idfcfirst bank you may also provide the same facility of overdraft in near future?
One may argue that for our kind of requirements, we may take repeated loans and repay when money is not required. But what pinches here is the required upfront payment of roughly 440 Rs per episode, apart from inconvenience of repeating the process again and again.I have thought of a little “hack”. Is it possible we don’t “close” the loan totally; instead payback most of it and keep the loan book running with bare minimum amount and keep topping up as and when required?
The thing is that although you have the OD kind of facility, your stocks will be pledged with the NBFC/bank. But in our case, your stocks will be in unpledged and will remain when you don’t have an active loan with us. So your securities are safe with you.
We don’t really need to associate with any bank for this, its just that we decided against the OD route and use the client’s security as a pledge only when there is an active loan.
Yes, you can take a loan, repay bulk of the amount and keep the loan book running, but when you want to take a topup, you will need to give us fresh securities. This is because when your securities will be pledged with us until your loan is active (irrespective of the outstanding value). But I understand your concern, I think partial unplede facility should solve for this.
Thanks
As markets fallen more than 15%, this may be right time to take margin funding and LAS against mutual funds. How long time it requires for loan against MFs ? @Karthik
I’d never really advocate the idea of borrowing funds to trade/invest in the market. Do check this - https://twitter.com/Nithin0dha/status/1498279085042434049
Another month or so.
Need help in filling DIS Form to transfer shares from Zerodha to HDFC securities.
Gone through How to fill in a DIS slip article in Zerodha, but still not clear.
Please help in filling sections 8,9 and 10 from image below.
My understanding as below:
section 8:
Leave as Blank.(As i am transfering shares to my own other Demat account).
section 9:
choose NSDL.
Settlement/Market Type (Dont know what to write)
Counter DP ID: HDFC DP ID details will be filled.
section 10:
Need clarity what to fill.
Image:
Your inputs will be helpful.
As per the questions asked above, please note that
You do not have to enter anything in section 8 as you are not transferring the stocks to an institution.
You have to select the settlement type as BO-BO as you are transferring the shares to one of your own accounts.
You can keep section 10 blank as it is an off-market transfer.
This thread is for LAS related issues hence would request you to kindly post only LAS related queries.
Repayment of Loan can be done partially? If yes partial Qty will be unpledged?
Hi @MSDGOES, partial unpledge is not yet live hence you cannot repay partial amount and unpledge your shares, at present you will have to make the complete repayment in order to unpledge your shares. We will be starting with partial unpledge soon.
Thanks @Harshal_S_Katare for the explanation.
Regarding unpledge scenario,as @MSDGOES asked can we unpledge partial quantity.
If i have 1000 ongc shares pledged, can we request for unpledge of 300 only.
Hi @Karthik
Is there a restriction on taking a loan against securities and then utilizing the raised loan amount to purchase the same security/other securities ?
