Demat Debit and Pledge Instructions
Code of Client:
Name of Client:
DP ID of Client:
POA (Power of Attorney) has now been replaced with DDPI (Demat Debit and Pledge Instruction ) by SEBI ref circular SEBI/HO/MIRSD/DoP/P/CIR/2022/44.
You can use DDPI to authorize your broker and depository participant i.e Samco Securities to access your Demat account only to meet pay-in obligations for the settlement of trades or shares sold by you.
The use of DDPI will be limited only for two purposes
- To transfer securities held in your account towards stock exchange related deliveries or settlement obligations
- To pledge/re-pledge securities
Please note without a DDPI, every time you want to sell your securities via StockNote App, Web, or Nest you will need to enter CDSL Tpin and authorize the transaction. However, with a DDPI you will not be required to have a Tpin / OTP or password.
To know more about DDPI click here →