What is the CDSL TPIN and how do I use it to sell my stock holdings?
Due to a change in regulation by CDSL, if you are a non-POA customer, you’ll now have to use the CDSL TPIN and OTP instead of your Kite PIN and authorise the debit of securities from your demat account against a delivery sale transaction.
With the CDSL TPIN, you can pre-authorise the sale of your stocks at the beginning of each trading day so that you don't have to do it each time you place a delivery sell order during the day.
On successful verification of the TPIN, you'll get a page with a list of all the stocks that you have selected to be authorised. You'll have to enter the OTP sent by CDSL to your registered mobile number and email id to complete the authorisation.
Upon successful authorisation after entering the OTP, 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 day.
You can also authorise the sale of your stocks by clicking on “Authorisation” on the holdings page on Kite at any point of time during the day as shown in the screenshot below.
Note: Currently, CDSL has made the e-DIS facility (TPIN + OTP) available only for 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.