Dear Sir
Delivery Instructions Slips(DIS) are just like bank cheque books. Banks take stringent security measures while sending cheque books to clients.
What are the precautions and security measures Zerodha takes right from the process of requisition of Delivery Instructions Slips by clients to the final transfer of shares from one demat to another to avoid any forgery or frauds. Do clients get sms alert while Delivery Instructions Slips are dispatched through courier ? DO transfers are verified through phone calls to their registered mobile numbers even when value of securities to be transferred is below Rupees five lakh ?
kindly elaborate
Regards
DIS slips are only couriered once we receive a written request. We check the signatures and if there is a mismatch, we reject the request.
In Zerodha, regardless of the value we take telephonic confirmation of details such as the account number, the securities being transferred etc. Without a confirmation, the request won’t be executed.
Sir
Do client get sms alert on his registered mobile number with zerodha once Delivery Instructions slips are dispatched to client?
Do courier company deliver the Delivery Instructions slips on confirming client pan card and id proof ?
Do zerodha take telephonic confirmation on client mobile number registered with zerodha?
kindly reply
regards
No, we don’t send confirmations. The DIS slips are only dispatched to your correspondence address.
Yep.
Sir
MY humble suggestion
A confirmation message regarding dispatch of Delivery Instructions slip booklet, name of courier company and airway bill number should be sent on client registered mobile number with Zerodha.
It may be possible that client is not present at his correspondence address at that point of time. Besides it will prevent Delivery Instructions slips falling in wrong hands. The Delivery Instructions slips should be handed over after proper verification through id proof /pan card
Regards
Checking this with our team.
Thanks for your concern
what is the procedure for taking requisition for delivery instructions slips.
my DP a cooperative bank hands over DIS SLIP with stamped demat account number to either in person or by speed post if the client ask so.
as such i do not find any risk associated with it because if you are giving it in favor of broker a member of nse/bse ,it is only against sale and in MARKET mode based on settlement number and if it is OFF MARKET execution the DP take telephonic confirmation from you . i used DIS slip recently after a long time in TCS buyback adjustment , for an off market instruction. in my view full audit trail is there .
More views appreciated.