Due to a change in regulation by CDSL, you’ll now have to use the CDSL TPIN instead of your Kite PIN and authorise them to be sold at CDSL before placing a CNC sell order on Kite.
You would have received the CDSL TPIN to your registered mobile and email address (from [email protected]) with CDSL. If you haven’t received it, you can click here to generate it.
With the CDSL TPIN, you can now pre-authorise the sale of your stock so you don't have to do it each time you place a sell order.
Whenever you place a CNC sell order, you'll see the below screen going forward.
Once you click on “Continue”, you’ll be taken to the screen shown below.
Click on “manage authorisations” on this screen to select stocks that you wish to authorise for selling. It is best to have all your stock holdings authorised to sell, so you don’t have to do this process multiple times. This authorisation is valid for a maximum of 90 days, after which you will have to go through this authorisation process once again.
Clicking on “Continue to CDSL” opens the below CDSL page with a list of all the stocks that you have selected to be authorised. Enter your CDSL TPIN to verify and validate.
Upon successful authorisation, you will get the below confirmation message.
Now you can place the sell order on Kite. You would not need to go through this authorisation process once again for the next 90 days unless you purchase more stocks that you intend to sell.
You can also authorise the sale of your stocks by clicking on “Authorisation” on the holdings page on Kite during off-market hours as shown in the screenshot below.