Akash,
The email you have received is our standard reply.. Moving stocks for pledging is something we are simplifying, in the next few days we will update it...
Assume today you have 1lk of stocks, if haircut is 20%, you can use 80k of this..
If you now want to use 1lk for taking f&O positions, you can use 70k from the 80k credit you have on stocks, but you would need to bring in 30k as cash...
There has to be some cash component, the 30% is up for review.. But idea is, we would need some cash there upfront to ensure we don't have to call you up for any mtm loss...
We are trying to do this online, keeping that in mind, if you guys have a method to do this with as little physical contact as possible, do let us know....