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What is Demat Debit and Pledge Instruction (DDPI)?

Submitting DDPI is optional. Clients who have opened accounts online can use the CDSL TPIN to authorise the debit of securities. To know more, see How do I generate the CDSL TPIN required to authorise my CNC sell transactions?

DDPI is a document that allows a broker to debit the securities from the client’s demat account and deliver them to the exchange. The client doesn’t have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted. Earlier, POA was collected for debiting the shares from the client's account. However, there have been instances of misuse by debiting shares without a sell trade, breaking POA clauses, trading on a client's account based on a POA, etc.

To prevent misuse of POA, SEBI, through this circular (WEB), has introduced DDPI, which limits debiting shares from a client’s account only if there’s a sell trade placed by the client. DDPI replaced POA on 19th November 2022.

To activate the DDPI for the Zerodha account, download the DDPI (PDF), fill it and courier it to the following address:

Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

  • Activation of DDPI (PDF) can only be done offline in Zerodha.
  • Ensure that the signature on DDPI matches the previously uploaded signature while opening the Zerodha account. The uploaded signature can be found by visiting console.zerodha.com/account/documents, selecting Signature proof in the drop-down menu, and clicking on E-mail to me.
  • Refer to the sample copy of the DDPI (PDF) to know where to sign and how to fill the DDPI. Client ID is the 16-digit Demat ID that can be found by visiting console.zerodha.com/account/demat.
  • The DDPI will be activated within 72 hours of receiving it, and a confirmation email will be sent once it is processed.