What is the CDSL TPIN and how do I use it to sell my stock holdings?
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.
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.
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.
Note: Currently, CDSL has made the TPIN facility available only for the Individual, joint, NRI, and minor accounts. Clients having HUF, and non-individual accounts will still have to send us the physical POA at our head office.