The new margin pledge system — effective Aug 1, 2020

[VenuMadhav]

@alwaysshri

Morning update:

Yes sir, thank you for the feedback. We re looking into this and will resolve it.

[Mayank_Gupta]

I have shares pledged through the old system and I have open FNO positions using the Collateral margin.
When will zerodha do the repledging from old system to new system?
When am I expected to get the mail from CDSL?

[VenuMadhav]

@Mayank_Gupta

When am I expected to get the mail from CDSL?

Follow updates on this thread: Migration from old pledge to the new pledge mechanism - #93 by VenuMadhav

[VAMSI_SRINIVAS]

The system is not working. I get the following error - Error: System Error. Kindly contact CDSL.

What is the deadline for getting this done? I received the email only a couple of hours ago.

[siva-reddy]

You can follow updates here.

Migration from old pledge to the new pledge mechanism

Update: 29th August 12:18 PM Files are getting processed slower than usual, this could be in light of many brokers initiating such requests. 60% of the shares have been transferred back. Once the other 40% is done, we’ll setup the pledge. Expected time of receiving email from CDSL for pledge: 2:00 pm. You will still have time until 8.00 pm to authorize pledge.

[Mr_M]

I get mail from zerodha , as well as cdsl, for margin pledge, but otp is not getting genreated, showing error at cdsl site.
Error as follow
"
Some error occured in sending OTP"

[AlokBansal]

@VenuMadhav Getting the following error.

[Mr_M]

Same here , but its about otp,

[VenuMadhav]

You can follow updates here.

Update: 29th August 12:18 PM Files are getting processed slower than usual, this could be in light of many brokers initiating such requests. 60% of the shares have been transferred back. Once the other 40% is done, we’ll setup the pledge. Expected time of receiving email from CDSL for pledge: 2:00 pm. You will still have time until 8.00 pm to authorize pledge.

Migration from old pledge to the new pledge mechanism

Update: 29th August 12:18 PM Files are getting processed slower than usual, this could be in light of many brokers initiating such requests. 60% of the shares have been transferred back. Once the other 40% is done, we’ll setup the pledge. Expected time of receiving email from CDSL for pledge: 2:00 pm. You will still have time until 8.00 pm to authorize pledge.

[Mr_M]

I have recieved mail from cdsl, but facing error at cdsl site, what to do

Update
Error get solved in the evening 3pm thx

[siva-reddy]

Please check on below thread.

Migration from old pledge to the new pledge mechanism

Update: 29th August 12:18 PM Files are getting processed slower than usual, this could be in light of many brokers initiating such requests. 60% of the shares have been transferred back. Once the other 40% is done, we’ll setup the pledge. Expected time of receiving email from CDSL for pledge: 2:00 pm. You will still have time until 8.00 pm to authorize pledge.