Hello everyone.
I had purchased shares under MTF at around 3.26 pm on 5th March, 2025.
As I understand, Zerodha will send me a confirmation mail to accept the pledge which needs to be accepted before 7pm on the same day.
At the time of writing this post I still haven’t received any confirmation asking me to accept the pledge.
Has the process been changed which I am not aware of?
Right now the MTF holdings are showing up in my Portfolio with “M” written beside the quantity.
Kindly guide what i need to do?
I have funded my account with the required amount if the shares get converted to CNC.
When will it get finalized? Or is it already finalized without me accepting the pledge request?
@siva
@TheGouda
Starting February 24, 2025, Clearing corporations have implemented direct payout of securities that allows credit of shares directly to your demat account. As a result, you will no longer be required to authorise your MTF purchases with the CDSL OTP. Read more
Your MTF position is created, so it won’t be converted to CNC, and you don’t have to bring full margins.
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