How can I revoke the POA mapped to Zerodha?
Every time you sell shares from your holdings, you need to provide instruction to your broker in form of a Delivery Instruction Slip (DIS). Since sending a physical slip for each sell transaction is not logistically feasible, a POA is used to take instructions for delivery without a physical form.
The depositories now also allow stockbrokers to accept online DIS consent using a PIN and OTP (sent to the registered mobile number) if you sell from your holdings. If you revoke your POA, you can use this method to authorise your sell transactions. Learn more.
- It takes up to 5 working days to process the request once we receive the form.
- The POA revocation can only be done for resident individuals for now. If you have a non-individual (i.e. HUF, firm, corporate) account, you will not be able to use the TPIN facility until CDSL begins to allow it.