How to Swap One Security with Another in Your Loan Against Securities Account?

To replace one security with another, you need to depledge the existing securities using the partial withdrawal facility and pledge new securities via the top-up facility. The revised eligible limit will be recalculated based on the updated collateral value.

Formula: Eligible Limit = Collateral Value x LTV%.

Steps to Partially Withdraw Securities:

1. Log in to the Mobile App or Web.
2. On the App, tap “More” and select “Security Withdrawal”. For the Web, go to the transaction tab and click “Security Withdrawal”.
3. Choose the loan account and application number.
4. Select the securities and number of units to depledge.
5. Click ‘Calculate’ to view revised values.
6. Authenticate via OTP.

Charges: ₹500 + taxes for partial security withdrawal.

Steps to Add New Securities using Top-Up facility:

1. Log in to your account via App or Web.
2. On Web, click “Top-Up” and select the loan account. On the App, go to the Loan Against Securities” section and click “Top-Up.”
3. Enter the additional details.
4. Pledge securities via CAMS, KFintech, or NSDL platform with OTP authentication.

Charges: ₹500 + taxes for pledging new securities.