Why Upstox is not allowing to pledge GSEC 754GS2036 which is approved by Exchange for cash equivalents margin and which is considered among the safest instruments. I am trading with many other Brokers and all brokers are allowing to pledge

Trading
1

Dear Upstox Team,

Upstox is not allowing to pledge GSEC 754GS2036 which is approved by Exchange for cash equivalents margin and which is considered among the safest instruments.

I am trading with many other Brokers and all brokers are allowing to pledge GSEC under cash equivalents.

Please revert on urgent basis and If Upstox will charge me any wrong interest or penalty I will escalate this matter to NSE,SEBI that Upstox is not allowing to pledge GSEC also which is approved by both Exchange NSE & NSE.

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Hi @Meeta,

Welcome to the Upstox Community!

Please note that currently GSECs are not allowed for pledging. However, we are working to add them in the list of pledge-able scrips very soon! Appreciate your patience.