Pledging is a feature on the Groww app that allows users to keep their stock holdings as collateral with a broker, and take loans against their shares. Here are the steps to pledge shares on Groww:

1. Open your Groww Balance section and click on pledge balance. You can also access Pledge on Groww through your stock holdings.
2. All the stocks that are eligible for pledging from your holdings will be displayed. Choose which stock you want to pledge. Then click on the Verify Pledge button.
3. You can edit the quantity of the stock you want to pledge. Here you can see the total margin you will receive and the total haircut levied. No interest or charges will be applied to the usage of pledged margin.
4. Click on the Verify Pledge Button. After clicking, you will be asked for an OTP. On filling in the OTP, you will be taken to another screen i.e. All Request. You can check your pledge status in the order details menu.

Users can use their pledged margin for the following on Groww:

• Trading
• Investing in mutual funds
• Withdrawal

Users can only unpledge their shares if the position taken from the pledged margin is closed and not active. To unpledge shares on Groww, follow these steps:

1. Click on your profile and open Groww Balance dashboard.
2. Click on ‘pledged balance’.
3. You will find all the pledged shares on the next screen.
4. Click on the unpledge button next to the stock you want to unpledge.
5. Enter the quantity and then click on unpledge.

It is important to note that pledging shares involves risks, and users should consider associated risks such as the companys cash flow, debt-to-equity ratio, and any trend in the pledging of promoter’s shares.