Can I raise a loan through pledging my demat securities and how to do it ?
In fact you can usually raise money by pledging your demat securities at a lower interest rate and less hassle than that involved in dealing with physicals. You have to fill up a form instructing Microsec to pledge your demat securities in favour of the pledge and Microsec will execute the same promptly. A nominal charge is levied. Microsec has a share loan service alliance with a leading Bank, making it even easier for you to handle the entire process of obtaining an overdraft facility against your demat securities.
