{"id":344250,"date":"2026-11-12T09:54:41","date_gmt":"2026-11-12T04:24:41","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=344250"},"modified":"2026-11-12T09:54:41","modified_gmt":"2026-11-12T04:24:41","slug":"pledge-shares-for-margin-unpledge-haircut","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/","title":{"rendered":"How to Pledge Shares for Margin: Pledge, Unpledge and Haircut Explained Step by Step"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Pledged shares stay in your demat account under a lien. A haircut reduces their margin value. Pledge and unpledge are authorised with OTP and TPIN, and the depository charges a fee.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">You can pledge shares by authorising your broker, through the depository, to mark a lien on shares you already hold, so they count as collateral for trading without being sold. A haircut is deducted from the market value, so the margin you receive is lower than the share price suggests. The shares stay in your demat account and you regain full control when you unpledge them.<\/p>\n<\/p><\/div>\n<p>Pledge shares for margin is the answer most investors need when they hold a good portfolio but do not want to sell it just to fund a trade. Instead of moving cash, you offer your existing shares as security and trade against their value.<\/p>\n<p>This guide explains how the pledge works, what the haircut means for the margin you actually get, how to unpledge, and what to check on charges and limits before you begin.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=pledge-shares-for-margin-unpledge-haircut\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#How_to_Pledge_Shares_for_Margin\" title=\"How to Pledge Shares for Margin\">How to Pledge Shares for Margin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Step_by_Step_The_Margin_Pledge_Process\" title=\"Step by Step: The Margin Pledge Process\">Step by Step: The Margin Pledge Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#What_Is_a_Haircut_and_Why_It_Matters\" title=\"What Is a Haircut and Why It Matters\">What Is a Haircut and Why It Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Unpledge_How_to_Release_Your_Shares\" title=\"Unpledge: How to Release Your Shares\">Unpledge: How to Release Your Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Pledge_vs_Selling_Your_Shares_Which_Makes_Sense\" title=\"Pledge vs Selling Your Shares: Which Makes Sense?\">Pledge vs Selling Your Shares: Which Makes Sense?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Rules_and_Charges_to_Check_Before_You_Pledge\" title=\"Rules and Charges to Check Before You Pledge\">Rules and Charges to Check Before You Pledge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#What_does_it_mean_to_pledge_shares_for_margin\" title=\"What does it mean to pledge shares for margin?\">What does it mean to pledge shares for margin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Do_I_lose_ownership_of_shares_when_I_pledge_them\" title=\"Do I lose ownership of shares when I pledge them?\">Do I lose ownership of shares when I pledge them?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#What_is_a_haircut_on_pledged_shares\" title=\"What is a haircut on pledged shares?\">What is a haircut on pledged shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#How_do_I_unpledge_my_shares\" title=\"How do I unpledge my shares?\">How do I unpledge my shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Are_there_charges_for_pledging_and_unpledging_shares\" title=\"Are there charges for pledging and unpledging shares?\">Are there charges for pledging and unpledging shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Can_I_sell_shares_while_they_are_pledged\" title=\"Can I sell shares while they are pledged?\">Can I sell shares while they are pledged?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/pledge-shares-for-margin-unpledge-haircut\/#Can_pledged_shares_be_used_for_all_types_of_trading\" title=\"Can pledged shares be used for all types of trading?\">Can pledged shares be used for all types of trading?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Pledge_Shares_for_Margin\"><\/span><strong>How to Pledge Shares for Margin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When you share pledge, you do not transfer ownership. You authorise a lien on the shares in your own demat account in favour of your broker, who then passes the pledge to the clearing corporation. The shares remain yours, and corporate benefits such as dividends and bonus shares still belong to you.<\/p>\n<p>The process is run through the depository so that the broker cannot use your shares without your consent. That safeguard was introduced to stop the misuse of client securities.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Step_by_Step_The_Margin_Pledge_Process\"><\/span><strong>Step by Step: The Margin Pledge Process<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Log in to your broker&#8217;s platform and select the shares you wish to pledge.<\/li>\n<li>Submit the pledge request. You are redirected to the depository authorisation page.<\/li>\n<li>Authorise the request with an OTP and your TPIN or a similar second factor.<\/li>\n<li>The lien is created, and the margin value appears in your trading account after the haircut.<\/li>\n<li>Use the collateral margin for eligible trades, within the limits your broker sets.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_a_Haircut_and_Why_It_Matters\"><\/span><strong>What Is a Haircut and Why It Matters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A haircut is a percentage deducted from the market value of a pledged share to allow for the risk of a price fall. It is based on the share&#8217;s volatility, so stable large stocks carry a smaller haircut than volatile ones. If a share is worth Rs 1,00,000 and the haircut is 20 percent, you get margin of Rs 80,000 against it.<\/p>\n<p>Haircuts change as markets change. A calm market may allow a lower haircut and a turbulent one a higher haircut, so the same holding can give you less margin on a bad day. Shares in broad indices such as the <a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a> usually carry lower haircuts than thinly traded names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Unpledge_How_to_Release_Your_Shares\"><\/span><strong>Unpledge: How to Release Your Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Screener to check live fundamentals before you act on any idea.<\/strong><\/a><\/p>\n<p>To unpledge, you submit a request on the broker platform and authorise it with an OTP, in the same way as the pledge. You can unpledge only if the margin that remains is enough to cover your open positions. Until then, the shares stay locked and cannot be sold freely.<\/p>\n<p>If you want to sell pledged shares, unpledge them first or sell them through the broker&#8217;s pledged-share sale option, which settles the lien automatically. Keep the timing in mind, because a delay can matter on a volatile day.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pledge_vs_Selling_Your_Shares_Which_Makes_Sense\"><\/span><strong>Pledge vs Selling Your Shares: Which Makes Sense?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;padding:8px;text-align:left;background:#F0F0F0;\">Point<\/th>\n<th style=\"border:1px solid #BBBBBB;padding:8px;text-align:left;background:#F0F0F0;\">Pledge for margin<\/th>\n<th style=\"border:1px solid #BBBBBB;padding:8px;text-align:left;background:#F0F0F0;\">Sell and fund from proceeds<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Ownership<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Stays with you<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Ends<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Dividends and bonus<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Continue to be yours<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Lost on the shares sold<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Cost<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Pledge and unpledge fees<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Brokerage and capital gains tax<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Margin value<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Reduced by haircut<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Full cash<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Risk<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Shortfall can lead to penalty<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Missing future gains<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Rules_and_Charges_to_Check_Before_You_Pledge\"><\/span><strong>Rules and Charges to Check Before You Pledge<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For futures and options, margin rules require a minimum portion to be held in cash or cash equivalents, so pledged shares alone may not cover everything. Confirm the current split with your broker. Also check the pledge and unpledge fees, since each request carries a depository charge, and watch for peak margin shortfall penalties if your collateral is not sufficient at the time of trade.<\/p>\n<p>Pledged shares earn you margin value against VaR margin, while cash margin is the plain balance you keep in your account. You can raise an unpledge request only when the shares are not backing an open position.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get daily stock research and market updates.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pledge shares for margin when you want trading capital without selling a long-term holding. The shares stay in your name, the haircut reduces the value, and the depository authorisation keeps the process secure.<\/p>\n<p>Plan the margin you need, check the fees, and unpledge only when your open positions are covered. Done carefully, it keeps your portfolio intact while you trade.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_does_it_mean_to_pledge_shares_for_margin\"><\/span><strong>What does it mean to pledge shares for margin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It means offering shares you already hold as security for trading margin, without selling them. A lien is marked on the shares in your demat account, and the broker counts their value, after a haircut, as collateral margin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_I_lose_ownership_of_shares_when_I_pledge_them\"><\/span><strong>Do I lose ownership of shares when I pledge them?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The shares remain in your demat account and in your name. Dividends, bonus shares and other benefits continue to belong to you. The only change is that a lien prevents you from selling them freely until you unpledge.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_a_haircut_on_pledged_shares\"><\/span><strong>What is a haircut on pledged shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A haircut is the percentage taken off the market value of a pledged share to allow for the risk of a price fall. It depends on the volatility of the share, so you receive margin that is lower than the full market value.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_unpledge_my_shares\"><\/span><strong>How do I unpledge my shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Submit an unpledge request on your broker&#8217;s platform and authorise it with an OTP, just as you did for the pledge. The request is accepted only if the remaining collateral covers your open positions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_charges_for_pledging_and_unpledging_shares\"><\/span><strong>Are there charges for pledging and unpledging shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. The depository levies a fee on each pledge and unpledge request, and brokers may add their own charges. The fees are small but they add up if you pledge often, so check the charge sheet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_sell_shares_while_they_are_pledged\"><\/span><strong>Can I sell shares while they are pledged?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not directly. You need to unpledge them first, or use the pledged-share sale option that some brokers offer, which handles the lien while the sale is processed. Plan ahead so that a delay does not cost you on a volatile day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_pledged_shares_be_used_for_all_types_of_trading\"><\/span><strong>Can pledged shares be used for all types of trading?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> They can support margin for many trades, but derivative margin rules require a minimum part to be in cash or cash equivalents. The exact split changes, so check the latest requirement with your broker before you rely on pledged shares alone.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What does it mean to pledge shares for margin?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It means offering shares you already hold as security for trading margin, without selling them. A lien is marked on the shares in your demat account, and the broker counts their value, after a haircut, as collateral margin.\"}},{\"@type\":\"Question\",\"name\":\"Do I lose ownership of shares when I pledge them?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The shares remain in your demat account and in your name. Dividends, bonus shares and other benefits continue to belong to you. The only change is that a lien prevents you from selling them freely until you unpledge.\"}},{\"@type\":\"Question\",\"name\":\"What is a haircut on pledged shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A haircut is the percentage taken off the market value of a pledged share to allow for the risk of a price fall. It depends on the volatility of the share, so you receive margin that is lower than the full market value.\"}},{\"@type\":\"Question\",\"name\":\"How do I unpledge my shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Submit an unpledge request on your broker's platform and authorise it with an OTP, just as you did for the pledge. The request is accepted only if the remaining collateral covers your open positions.\"}},{\"@type\":\"Question\",\"name\":\"Are there charges for pledging and unpledging shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The depository levies a fee on each pledge and unpledge request, and brokers may add their own charges. The fees are small but they add up if you pledge often, so check the charge sheet.\"}},{\"@type\":\"Question\",\"name\":\"Can I sell shares while they are pledged?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not directly. You need to unpledge them first, or use the pledged-share sale option that some brokers offer, which handles the lien while the sale is processed. Plan ahead so that a delay does not cost you on a volatile day.\"}},{\"@type\":\"Question\",\"name\":\"Can pledged shares be used for all types of trading?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"They can support margin for many trades, but derivative margin rules require a minimum part to be in cash or cash equivalents. The exact split changes, so check the latest requirement with your broker before you rely on pledged shares alone.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>You can pledge shares for margin and keep owning them. Here is how the pledge and unpledge process works, what a haircut is, and what to check before you start.<\/p>\n","protected":false},"author":38,"featured_media":344249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[22316,22315],"class_list":["post-344250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-margin","tag-pledge-shares"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["344249"],"rank_math_title":["Pledge Shares for Margin: Pledge, Unpledge and Haircut Guide"],"rank_math_description":["Learn how to pledge shares for margin without selling them. See how the haircut cuts your margin value, how to unpledge, and which charges and limits to expect."],"rank_math_focus_keyword":["pledge shares for margin"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/how-to-pledge-shares-for-margin-pledge-unpledge-and-haircut-explained-step-by.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=344250"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344250\/revisions"}],"predecessor-version":[{"id":344251,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/344250\/revisions\/344251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/344249"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=344250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=344250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=344250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}