How can units be authorised for redemption on CDSL after a SWP order is triggered?
SWP orders are triggered at 10:00 AM. Clients must provide authorisation to CDSL for completing the redemption process using CDSL TPIN if they have not submitted the Power Of Attorney (POA) or Demat Debit and Pledge Instruction (DDPI). This authorisation is essential for debiting mutual fund units from the demat account during the redemption or sale of mutual fund holdings. To learn more, see What is Demat Debit and Pledge Instruction (DDPI)? and How to use CDSL T-PIN to sell mutual funds through Coin app?
The authorisation is valid until 3:00 PM on the same day, after which the units must be authorised again. The CDSL TPIN is sent to the registered mobile number and via email from [email protected]. Alternatively, it can be generated at
edis.cdslindia.com/home/generatepin.
To learn more about generating CDSL TPIN, see
How to generate the CDSL TPIN required to authorise the CNC sell transactions?
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