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Paytm money launches margin pledge feature

November 25, 2021

Paytm money launches margin pledge feature

Paytm subsidiary Paytm Money has carried out a Margin Pledge feature to assist users with getting to new trading opportunities by leveraging existing portfolios.

This feature allows users to pledge their stocks in return for a collateral margin and would then be able to be used for trading in stocks, ETFs, prospects and choices.

The feature that is as of now open to choose clients is available on Android and web versions will be on Apple iOS soon.

We have designed the feature to such an extent that clients can complete the whole process in a couple of snaps making their trading experience seamless, Paytm Money CEO Varun Sridhar said in a statement.

Edge Pledge is an interaction wherein clients can promise their stocks and offers to the merchant as a trade-off for insurance edge which would then be able to be used for trading. This insurance edge can be used for trading in stocks, ETFs, functions and options.

Clients can vow and un-promise offers and stocks on Paytm Money in a couple of snaps. The insurance is gotten inside 30 minutes during trading hours and it is determined continuously. A negligible charge of ₹10+ GST per stock will be forced on each pledge and unpledged request.

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