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Can I dematerialise shares which are pledged with a bank?

April 26, 2017Bank dematerialise pledged Shares

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Can I dematerialise shares which are pledged with a bank?

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Yes, you can dematerialise securities that are pledged with a bank.Prior permission of the pledgee bank with which the securities have been pledged is required.The pledgee must be ready to dematerialise the securities in its custody.