What is Power of Attorney (POA), and why is it needed?
POA is a document that allows a broker to debit shares sold from a demat account to deliver them to the exchange. Traditionally, a customer had to send the POA for a smooth transaction of the shares. Read more about the POA on https://zrd.sh/poa-blog
However, an alternative method called e-DIS is available now. In e-DIS, a customer needs to authorise digitally before any sell order is placed using a TPIN, unlike a POA, a one-time standing instruction that works for all sell transactions. See, How do I generate the CDSL TPIN required to authorise my CNC sell transactions?
The POA ( PDF ) is a physical document. Once signed, send it to the following address (via post, registered post, speed post or courier):
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078