I have received a message stating “Auto Pledge Initiation” instruction for the shared that I had purchased. What should I do?

This means your shares have been moved to the CUSPA (Client unpaid securities account) account due to insufficient blocked amount for the trade. To avoid liquidation of your stock, please ensure that a sufficient block amount is created. Alternatively, you can also pay to Kotak Neo through “Amount due details section” of funds page. If not, the stock will be liquidated on T+5. Additionally, interest charges will be applicable on the pending amount as per your pricing plan.