Can I also sell securities deposited as margin for eg. in case prices of the securities are going up?
Yes, you can. Securities deposited as margin are subsequently pledged to ICICI Securities from your demat account. Therefore, once securities are deposited as margin, there are two scenarios possible : (a) they are just blocked for margin (appearing as ‘Quantity Blocked’ in the ‘Deposited Securities ‘ page in the F&O section and appearing as ‘Blocked for Margin’ in the ‘Demat Balance’ page in the Equity section) (b) they are actually pledged in favour of ICICI Securities (appearing as ‘Quantity Pledged’ in the ‘Deposited Securities’ page in the F&O section) In case of (a), you have to first withdraw the securities and then sell them. In case of (b), a link for ‘Sell’ appears against the ‘Quantity Pledged’. You can click on the link and then place a spot sell order. These orders can also be limit orders. In this case, the sale proceeds will be allocated automatically for F&O (you can reduce the same if required). Because of this, no reduction in securities limit occurs on placing the or
Related Questions
- Immediately on depositing securities as margin, by how much do limits increase? Where can I view all securities deposited as margin?
- The limit arisng out of securities deposited as margin changes every day and sometimes during the day also. Why?
- Can I also sell securities deposited as margin for eg. in case prices of the securities are going up?
