I would like to use the funds in my NiftyBees holdings as a Collateral, however I am unable to identify how this can be enabled. Can anyone advice on how this can be done?
Check out this support article. If you need help, you can raise a ticket in the same article.
Thanks. I did check it out, however I do not find the option to Pledge my holdings for NftyBee. I bought the NiftyBees yesterday. Does this need more time before they qualify to be pledged.
Yes, Scrips which haven’t been settled yet, can’t be pledged. When you buy a stock/etf the settlement takes 2 days. Check out this article for a detailed explanation.
You can only pledge stokcs/ETFs which are already in your Demat account.