What is Power of Attorney (POA)?
A POA is a document that allows a broker to debit shares from the demat account and deliver them to the exchange. Zerodha is no longer collecting POA from clients, as it has been replaced by Demat Debit and Pledge Instruction (PDF) from 19th November 2022. Nothing changes for the clients who have already submitted a POA. To learn more, see What is Demat Debit and Pledge Instruction (DDPI)?
Clients who have opened accounts online and do not wish to submit the DDPI can use the CDSL TPIN to authorise the debit of securities. To learn more, see How to generate the CDSL TPIN required to authorise the CNC sell transactions?
However, if clients wish to activate DDPI, they can download the DDPI (PDF), fill it and courier it to the following address:
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 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.