Zerodha CDSL TPIN

The TPIN is valid for 90 days to carry out the transaction of the listed stocks. However, you need to regenerate the TPIN when you wish to carry out the stock selling that is not listed in Zerodha pre-authorized sell.

CDSL TPIN is currently available only for NRI, minor, individual, and joint Demat holders only. CDSL TPIN feature is currently not available for the non-individual and HUF Demat account holders. As per the regulations, all the non-individual and HUF Demat account holders need to send Zerodha a physically signed POA copy to authorize Zerodha to carry out selling transactions on their behalf.

Demat account is registered with CDSL, and it authorizes the trader to purchase and sell stocks with NSE and BSE. When a trader buys stocks on the Zerodha platform, the company virtually transfers the stock units into the trader's Demat account. In return, Zerodha issues POA (Power of Attorney) where it acts as an authorization to Zerodha to sell the stocks on the trader's behalf.

With everything that has moved from paper to digitalization, the traders still need to sign a physical copy of the POA and send it to Zerodha. The process takes days to finish, and till then, the trader needs to wait. However, with the insecurity of online transactions, selling stocks online has become vulnerable with this method.

To eliminate the waiting period, make online trading seamless, and add more layers of security, CDSL introduced TPIN to all online brokers as a six-digit code to authorize brokers to withdraw stocks from the trader's Demat account. In addition, CDSL TPIN provides a limited period to Zerodha to sell the trader's stocks when the trader chooses to withdraw the stocks.

The TPIN is generated by CDSL thru their official website and sent to the user registered mobile number to authorize the selling transaction and carry forward the trading. Every time the trader wishes to sell the stocks, they need to confirm the trade first. However, the trader can use the same TPIN to change the sell order to delivery from intraday and change the sell order to transfer the intraday stocks delivery in the Demat account. In addition to this, the trader is also allowed to use the same TPIN to get the margin interests on the stocks.

Here is the step-by-step guide to allow traders to generate CDSL TPIN to carry out the online transaction on Zerodha:

• Go to the CDSL website — https://www.cdslindia.com/
• Click on the ‘Login’ icon located on the top right of the website.
• Click on ‘Generate- eDIS TPIN’ and click login.
• Enter your *BO ID, the 16 digits Demat Account number, and your PAN card details.
• Click on the ‘Next’ icon. You will be receiving an OTP thru SMS on your registered mobile number and email.
• Enter the OTP details, and you will get the TPIN details thru email and SMS.

  *Note: BO ID refers to Beneficiary Owner Identification Number

Authorize Zerodha to carry out the transition:

When you are going to sell stock on Zerodha, you will be prompted with a message that you need to authorize the stock on CDSL to complete the order as per the new stock regulations. You need to click on continue, read the instruction and click continue again.

On the page — Authorize Sale Transaction, you will be prompted to confirm the stocks and quantities you wish to sell. Next, click on ‘Continue to CDSL .’ The page will ask you to enter the TPIN you received from CDSL. Next, click on ‘Verify .’ The CDSL page will show you the list of stock and quantities you wish to sell. You will get the OTP on your registered email id and via SMS, you need to enter to validate the selling transition. 

CDSL TPIN is good to use for 90 days. After that, the trader can add the stocks on the preauthorized sell list on the Zerodha platform to make it easy to withdraw whenever he wishes to sell the stocks. 

It is easy to reset the CDSL TPIN in case you forgot. Here are the easy steps to change the CDSL TPIN:

• Login to CDSL official website — https://www.cdslindia.com/
• Click on ‘Login’ and select ‘change -eDIS TPIN.’
• Click on ‘Login,’ and you need to enter BO ID, which is your Demat account sixteen-digit account number followed by the PAN card number.
• Enter the OTP details you received on your email and SMS and click on ‘Approve.’
• You will get the new TPIN via email and SMS.