What is an Online Delivery Instruction Slip (e-DIS)?
Online Delivery Instruction Slip (DIS) is an alternative for POA (Power of Attorney) that allows your broker to debit shares from your demat account when you sell them on the exchange. The option to submit your consent is available on Console under Profile>Demat as shown below:
Online consent has a restriction of a maximum of Rs 20 lakhs per delivery sell transaction and a maximum of Rs 1 crore of sell transaction per day. If you have a portfolio of over Rs 1 crore, you will have to send us the POA if you wish to sell more than Rs 1 crore of stocks/Mutual funds from your holding in a day.