Updated: G-Secs available for Pledging from 17 May 2023

Hello, traders!
We are pleased to announce an expansion of the current list of Government Securities eligible for pledging, starting from Wednesday, 17 May 2023. Dhan users will have the opportunity to obtain 90% of the collateral value as margin, which can be utilized as a Cash Equivalent margin. Kindly refer to the updated list provided below.

Symbol ISIN Security Name
610GS2031 IN0020210095 GOI Loan 6.1% 2031
618GS2024 IN0020190396 GOI Loan 6.18% 2024
667GS2050 IN0020200252 GOI Loan 6.67% 2050
676GS2061 IN0020200401 GOI Loan 6.76% 2061
68GS2060 IN0020200187 GOI Loan 6.8% 2060
695GS2061 IN0020210202 GOI Loan 6.95% 2061
699GS2051 IN0020210194 GOI Loan 6.99% 2051
710GS2029 IN0020220011 GOI Loan 7.1% 2029
726GS2032 IN0020220060 GOI Loan 7.26% 2032
736GS2052 IN0020220086 GOI Loan 7.36% 2052
738GS2027 IN0020220037 GOI Loan 7.38% 2027
74GS2062 IN0020220094 GOI Loan 7.4% 2062
754GS2036 IN0020220029 GOI Loan 7.54% 2036
757GS2033 IN0020190065 GOI Loan 7.57% 2033
759GS2026 IN0020150093 GOI Loan 7.59% 2026
826GS2027 IN0020070036 GOI Loan 8.26% 2027
828GS2027 IN0020070069 GOI Loan 8.28% 2027
86GS2028 IN0020140011 GOI Loan 8.6% 2028
92GS2030 IN0020130053 GOI Loan 9.2% 2030
732GS2024 IN0020180488 GOI Loan 7.32% 2024
669GS2024 IN0020220052 GOI Loan 6.69% 2024
915GS2024 IN0020110048 GOI Loan 9.15% 2024
522GS2025 IN0020200112 GOI Loan 5.22% 2025
515GS2025 IN0020200278 GOI Loan 5.15% 2025
699GS2026 IN0020230028 GOI Loan 6.99% 2026
1018GS2026 IN0020010081 GOI Loan 10.18% 2026
574GS2026 IN0020210186 GOI Loan 5.74% 2026
679GS2027 IN0020170026 GOI Loan 6.79% 2027
717GS2028 IN0020170174 GOI Loan 7.17% 2028
706GS2028 IN0020230010 GOI Loan 7.06% 2028
717GS2030 IN0020230036 GOI Loan 7.17% 2030
654GS2032 IN0020210244 GOI Loan 6.54% 2032
726GS2033 IN0020220151 GOI Loan 7.26% 2033
824GS2033 IN0020140052 GOI Loan 8.24% 2033
667GS2035 IN0020210152 GOI Loan 6.67% 2035
883GS2041 IN0020110063 GOI Loan 8.83% 2041
716GS2050 IN0020200054 GOI Loan 7.16% 2050
741GS2036 IN0020220102 GOI Loan 7.41% 2036

– Shrimohan
Product Operations @ Dhan


@Beena We understand your concern. You can be rest assured.

Why STT is being charged for buying GSecs?? Other brokers don’t charge it

Hi @Hiya

We also do not charge STT in Gsec, and we have noted your feedback that it should not reflect in Transaction Estimator as well.

@Beena The sole purpose of the NCL file (which gets updated around 20th of every month) is to notify the securities which are approved for re-pledging. However, for margin calculation and reporting, we use the EOD VaR file. Operationally the NCL file is just taken as a reference for minimum haircut that we apply. Just to cite an example, for liquid bees, we apply a haircut of 8% on the contrary to 10% which is as per the NCL file.

Thanks for the reply.
Both STT & Stamp duty are not to be charged while buying GSecs. Only exchange transaction charges & GST on that can be charged as per regulations.
So, kindly ensure that stamp duty is also not applicable

Thanks again for the reply :blush:

@Beena Yes, we are aware of this. However, as I previously mentioned, we utilize the EOD VaR file for margin calculation and reporting. In fact, it is common for the majority, if not all, brokers to employ the same EOD VaR for this specific purpose. It should be noted that brokers may also implement additional haircuts based on their Risk Management policy. Nevertheless, we do not apply any additional haircut for the CASH component.

Hi @Hiya

Yes, we do confirm STT & Stamp duty is not being charged for Gsecs.

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@Beena Its the NSE EOD VaR which is additional 5% to 8% over the NCL haircut. When I say brokers may also implement additional haircuts based on their Risk Management policy, it means over and above the haircut levied by NSE EOD VaR which we do not apply.

Looking at your list I bought IN0020070069 through IDBI and its available in my demat also. But when I am trying to pledge , your application shows that it’s no eligible . This does not give enough confidence if I go for enough buying in coming days. Please help

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@jacharjya1978 Do let me know your UCC over DM, I’ll get it checked.

I chatted over Dhanlaxmi , Now I can see it for pledging. Appreciated for a quick resolution.


Looking at your list I bought IN0020070069 , but it is available in demat account , showing up in portfolio , but its not elligible for pledging. Everytime this issue happens , need to reachout through chat , but its just a robot …no solution provided. Kindly help. There is no consistency in your seamless pledging experience .

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Hi @jacharjya1978,

We have raised this to the exchange (BSE) and will update you as soon as we receive the details.

Any update ? because of this inconsistency in pledging govt secs , now I am in two mind should I trust the list in future ?

Hi @jacharjya1978 The pledge mechanism works fine. However I’ll check this up. The list is updated and no changes made. I have recd your UCC over DM, I’ll check your case.

Thanks for giving attention , I just gone with a small amount buying govt secs to check the pledging mechanism here in DHAN, however experience not too great so far. Hoping it would be resolved soon. Then I can go for big quantity buying.

Any update sir , today too I can see the GSEC not elligible for pledging . If GSECs not supported , kindly announce upfront , its simply misleading to the customers.

Hi @jacharjya1978

We are having this checked and will update you on your registered mail id.

Hi @Divyesh , many days I am not seeing any pledged instruments too. Why so inconsistency ? portfolio of instruments randomly visible . Take example of today , I don’;t see the portfolio or pledged instruments today.

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