Demat holders who do not wish to sell their shares can avail loan against their holdings from any of the Janata Bank branches or from any other bank by pledge or lien against the shares.
There are two parties involved under pledge, pledgor (borrower) and pledgee (lender). The pledgor and pledgee are required to initiate creation and confirmation of Pledge by submitting Annexure W.
Where the DP of the pledgor and the pledgee is different, pledgee's acceptance or rejection is communicated electronically to the pledgor's DP.
Once the loan is repaid, the securities pledged can be released either through Unilateral or Normal pledge.
Under Unilateral option, the pledgee releases the pledge against the shares and request from the pledgor is not required.
Under Normal option :