What is Demat Debit and Pledge Instruction (DDPI), and how to activate it online and offline?

Demat Debit and Pledge Instruction (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 does not have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted.

SEBI introduced DDPI through this circular (WEB) , which limits debiting shares from a client’s account only if the client places a sell trade. DDPI replaced POA on November 19, 2022.

To activate the DDPI, follow these steps

Online

1. Log into console.zerodha.com.
2. Click on Account.
3. Click on the arrow and then click on Demat.
4. Click on Enable Demat Debit and Pledge Instruction (DDPI).
5. Accept the terms and conditions. Click on Continue.
6. Click on Proceed and then on Sign Now.
7. Accept the terms and conditions. Enter the Aadhaar number.
8. Click on Send OTP.
9. Enter the OTP.
10. Click on Verify & Sign.

For minor accounts, the Aadhaar number of the guardian who opened the account must be entered to enable DDPI.

Offline

NRI clients using Orbis for custodial services, joint account holders, and non-individual account holders can only activate the DDPI offline. To activate the DDPI, courier the DDPI (PDF). 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.

Courier it to the following address:

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

For minor accounts, the guardian who opened the account must sign the forms to enable DDPI.

Refer to the sample copy of the DDPI (PDF) to learn 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.

To enable DDPI, a charge of ₹100 + 18 % GST is applicable. Clients must maintain sufficient money in their Zerodha account, as the charge will be deducted from the balance. The DDPI will be activated within 72 hours, and once it is processed, a confirmation email will be sent.

Did you know? Once the online process is completed, an email from National E-Governance Service Limited (NeSL) is sent. Zerodha has partnered with them for e-stamp services. The email is for information only, and no action is required to be taken.