CDSL introduces Dual Verification for Sell Transactions

As you know, e-DIS (Electronic Delivery Instruction Slip) is an online facility which allows you to sell shares without submitting your Power of Attorney (POA). In order to bring in additional security for your transactions, CDSL has issued a new set of guidelines with regards to e-DIS & TPIN authorization for non-POA clients.

Here’s how this is going to work

  1. Place your Sell Order as usual – selecting the stock and the quantity needed
  2. You will be prompted to Authorize the transaction
  3. Once you agree, you will be re-directed to CDSL’s website
  4. Here you need to enter both
    1. Your TPIN, and
    1. Unique OTP from CDSL sent to your registered mobile number & email id
  5. Click VERIFY to complete the authorization and proceed with your Sell Order

Also, currently the validity of this authorization was 90 days. What this meant was, that you could select a full basket of stocks with their respective quantities and authorize the Sell Order. You then had 90 days during which you could sell any of the stocks you had previously authorized, as and when you wanted.

However, from 20th February, 2021 – the authorization of the Sell transaction will be valid for only 1 day.

Please note that there is NO Change in the TPIN generation process. You can use your already active TPIN, or if you have forgotten your TPIN simply generate a new one via CDSL’s website.

For more details, refer CDSL Circular

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