Why did Zerodha send an email to authorise holdings?
Clients must authorise the sale of securities before placing a trade using CDSL TPIN if they have not submitted the Power Of Attorney (POA) or Demat Debit and Pledge Instruction (DDPI). To learn more, see What is Power of Attorney (POA) and Demat Debit and Pledge Instruction (DDPI)?
Zerodha sends an email requesting authorisation after a trade is placed in the following cases:
- If a physically settled F&O position requires the client to give delivery of the stocks. See What is Zerodha's policy on the physical settlement of equity derivatives on expiry?
- If a client could not square off an MIS sell position as the stock hit the upper circuit limit. See What will happen to my intraday (MIS/CO) position in case the stock circuit limits are hit?
The holdings must be authorised only from the link sent in the email for the above cases.