Avoid Zerodha Tpin and place Stock Sell and GTT Order in 2024

In today’s cryptocurrencystockupdate.in article, we will tell you ways to avoid Zerodha TPIN. This will save you from having to enter TPIN and OTP while selling stocks and placing GTT orders.

Skip Zerodha Tpin: Indian market regulator SEBI implemented TPIN and OTP system to protect retail investors and stock brokers. This will give investors confidence that their broker will not be able to sell the stock without their permission.

Avoid Zerodha Tpin and place Stock Sell

Before the system was introduced, anyone opening a demat and trading account with a broker had to sign and give a POA (Power of Attorney) to the broker. After giving the POA and placing our sell order, the broker could sell the stock.

TPIN and OTP made the work easy but they also created some problems like authorization every day to place GTT orders on the sell side and a person handling more than one demat account had to repeatedly ask for TPIN and OTP while selling stocks.

In this situation, the investor does not make as much money if the stock moves quickly as they would if they sold the stock immediately!

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Avoid Turning on DDPI with Zerodha Tpin

• First open the Zerodha Kite mobile app.
• After logging in, click on your user ID at the bottom right.
• Now you have to click on profile.
• After clicking on profile, a new page will open. Here you will find the option of Manage Account, click on it.
• Now you will find a white arrow mark on a blue background, click on it, you will face many options as soon as you click on Demat.
• Now in the page that opens in front of you, come down and click on Demat Debit and Pledge Instruction (DDPI).
• When you click, you will be redirected to a new page. Here you have to click on the I Accept box and then click on Continue.
• When you click on Accept, the Term and Conditions page will open. Here you have to click on Proceed, then click on Sign Now.
• When you click on Sign Now, a new page will open. Here you have to enter your Aadhaar number and select the “I have read” box. Then, click on Send OTP.
• You should enter the OTP on the mobile number linked with Aadhaar and click on Verify & Sign.
• Click on Verify & Sign to see the message of document signed successfully.
• Now you will automatically come back, where you will be able to see the date and time on which the DDPI Request was made and also the DDPI Status.
• This work may take 72 hours or less. The information of which is sent to the customers by e-mail.
• After DDPI is activated, TPIN and OTP are not required to place GTT orders and sell stock. This will enable faster stock sale.

Update on TPIN authorization for CDSL to sell stocks

Depositories (like NSDL and CDSL) introduced a new process in May 2020, according to which investors could sell their shares in any delivery trade only by providing their TPIN. This new process allowed investors to open and operate their trading and demat accounts completely online, without the need for any physical papers.

SEBI has now instructed depositories to require TPIN in addition to OTP for delivery of shares from demat account. CDSL has asked all stockbrokers to make this process live from Saturday, February 20, 2021, as per this circular. Hence, the following changes will be applicable to all non-PoA demat accounts

1. TPIN and OTP also need to be entered to deliver the shares from the demat account. CDSL will send the OTP to your registered mobile number and email.
2. Till now, TPIN authorization was valid for 90 days. This means that once you authorize a stock for debit, you will not have to re-authorize the same stock by visiting the CDSL website. From February 20, 2021, the authorization will be valid for just one trading day. This means that every day when you intend to sell a stock, you will be redirected to the CDSL webpage. Here you will have to enter the TPIN and OTP to avail the debit. If CDSL cannot send the OTP for any reason, you can carry out the sale transaction.
3. You must authorize the debit of the sale transaction before 5:00 PM on the day of the trade. To do this, you must click the “Authorize” button on the Holdings page at the airport. If you do not authorize the debit after the sale is made, the transaction will be considered an early delivery and will be subject to auction and penalties.
4. Impact on GTT and SIP Sell orders: The new process requires an OTP to complete successfully, so you will need to authorize all your locations for debit with TPIN and OTP every morning. We will soon switch to post-trade authorization for GTT and SIP Sell orders, which is a temporary solution.

Be careful: Even if you have authorised sale of shares with TPIN only from February 20, 2021, you will have to re-authorise your stocks with OTP.

Disclaimer : To stop Zerodha Tpin, turning on DDPI will make the system work on both Zerodha Kite and Zerodha Coin. This means you will not have to enter TPIN and OTP while selling Mutual Funds Units.