You can now submit DDPI online

Zerodha Feature Announcements
1

In November 2022, SEBI introduced the Demat Debit Pledge Instruction (DDPI), replacing the Power of Attorney (POA). The DDPI enables brokers to debit securities from your demat account and deliver them to the exchange.

Submitting a DDPI eliminates the need for CDSL’s TPIN and OTP during the sale of shares, which is particularly beneficial for those who use GTT orders to sell shares from their holdings. Since CDSL authorization is only valid for one day, one has to reauthorize daily to avoid GTT order rejections.

Additionally, submitting the DDPI removes the requirement to provide CDSL authorization during physical delivery or when placing orders for buybacks and delisting.

We have now made the DDPI activation process available online. To activate the DDPI online, you will need your Aadhaar and an Aadhaar-linked mobile number.

Follow the steps below to activate:

  1. Log in to the Console or visit this link.
  2. Click on Account.
  3. Click on Demat and then on Enable Demat Debit and Pledge Instruction (DDPI).
  4. Accept the terms and conditions, then click on Continue.
  5. Click on Proceed, then on Sign Now.
  6. Accept the terms and conditions and enter your Aadhaar number.
  7. Click on Send OTP.
  8. Enter the OTP received.
  9. Click on Verify & Sign.

A fee of ₹100 plus 18% GST applies to enable DDPI online and will be deducted from your Zerodha account balance.

Once the DDPI activation request is submitted, it will be processed within 48 hours. You will receive a confirmation email once it is processed.

Note that only individual account holders can activate the DDPI online. If you have an NRO-PIS, a joint account, or a non-individual account, DDPI has to be activated offline. We’ve explained the offline process here.

11 Likes
4

@ShubhS9 I already had POA activated.

Today I submitted the DDPI activation request, will there be any problem?

5

Hi @samurai

There won’t be any issues.

After enabling DDPI, POA gets revoked.

6

So the POA will get revoked automatically right? I don’t need to do anything further?

7

If poa is there already, what is the need of dppi?

8

Yeah. It will be revoked automatically

9

@Meher_Smaran - Do we need to do anything if we already have POA. And also what is the difference between POA & DPPI. if we have to do DPPI if POA Already is enabled.

10

Hi @Meher_Smaran , I have the CDSL TPIN for any sell on kite. Does this mean I haven’t given the POA authority to the ZERODHA? Thanks for your response.

11

Yes. You are correct.

1 Like
12

Nothing changes for the clients who have already submitted a POA.

Check this out:

13

It is buggy. The continue button is not taking me forward on the first modal.

Stuck.

14

Checking this, @paekut.

15

This should be fine now, can you please check?

1 Like
16

Is the fees of rs 100 a one time fees or monthly

17

This is one time fee for activating DDPI.

1 Like
18

Hi @ShubhS9
I activated DDPI from Console and it was completed on 3rd June 2024.
Rs 118 was deducted from the balance.

But the Demat authorization still shows as eDIS in Kite Profile.
Support ticket: 20240606141683

Can you please get this checked?

19

What are the disadvantages / risks for the client doing this?

20

Broker can debit securities from client’s account without CDSL TPIN/OTP.

The legal document you sign says they can only debit when you have an order to sell I think, but yeah basically the TPIN requirement is removed.

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21

my a/c is still the old PoA. Activated ddpi in family a/c, done in a day. Its better than tpin, expecially for cash-GTT sell orders.

22

Hi @alwaysshri

Checking this