InvestorQ : Can a customer pledge the securities held in the name of his spouse, children or parents?
varsha Motwani made post

Can a customer pledge the securities held in the name of his spouse, children or parents?

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Deepali Khupte answered.
3 years ago
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Yes.

Any borrower can avail a loan against securities (LAS) on the securities held in his/her spouse’s name or children or parents’ name.

The only way this differs from a LAS taken by an individual who pledges his/her own securities is that the borrower is required to take the family member as co-borrower or security provider.

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