Not signing a Power of Attorney at the time a trading account was opened can often cause major headache, especially since margins have now become compulsory. CDSL had, to simply this process for non POA DP account holders, introduced the concept of a TPIN enabled Sale – replacing the need for a POA- which enables investors to authorise sale action on their accounts electronically. Prabhudas Lilladher has activated this facility for its ODIN , ODIN Diet , Trade Plus Web and on the soon to be launched, Trade Plus App. It is not available on PL Mobile App.
How Does it work
Earlier, non POA stock worked on an offline or a request basis as we couldn’t allow a clear sale on this – as it required upfront margins and a sale without actual quantity could result in penalties and auctions.
In the new process of CDSL TPiN Validation, you (client or dealer) have to enter a unique One Time Sell Authorization pin sent on your mobile to validate the transaction. The PIN is directly generated by CDSL and forwarded to your number.
How to generate CDSL TPIN
Non POA account holders can visit the link at https://edis.cdslindia.com/home/generatepin and map their BO ID/ Pan number to a TPIN after validating it with an OTP. (BOID or Beneficiary Owner Identification Number is a 16-digit number used to identify your Demat account, which is unique for every client. The first 8 digits are the Depository Participant ID, and the last 8 digits are the client ID with the DP. You may get this from our welcome kit, or plclients.com or from your relationship managers.)
On successful validation, TPIN will be sent to your mobile number and email. Remember, it is a reusable PIN that you will need to enter while authorizing selling of shares. IT IS A CONFIDENTIAL PIN AND NOT TO BE SHARED WITH ANYONE.
It will take around 6-minutes for your TPIN to map with your CDSL account. Make sure that you have updated your contact details properly with CDSL to receive TPIN.
When will you need CDSL TPIN?
You’ll need to enter you TPIN when you place the first selling order of the day. When you click on ‘Authorise’ at the time you attempt to sell a NON POA stock, you’ll get redirected to the CDSL portal where you need to insert TPIN to authorise selling. You can also use the same PIN for the modification of such orders.eDIS authorization is not required for buying shares, but only for the ‘sell’ transactions.
If you don’t know your CDSL TPIN or forget it, you can generate a new PIN by clicking on “Forgot CDSL TPIN” on page at CDSL. A new PIN will get created, which you can also change later.
This Pin remains valid for 90 days and on a single day, you can authorise a value of sale upto Rs 75 lakh currently.
Authorization is only a declaration of the scrips with the quantity that you wish to sell within a stipulated time. You reserve the right to sell only a partial quantity OR not sell at all, even after the authorization has been given for the concerned equities/Mutual Funds.
Note also that for shares where there is a corporate action due , the depositories will cancel any authorisations on this day.
Once your authorization has expired, you would need to authorize again.
You can authorize partial quantities from your Demat balance or the entire quantity for the selected equities/Mutual Funds. But the quantity cannot exceed that present in the Demat.
And finally, most important- Keep your TPIN Confidential! Its not supposed to be shared with anyone except your direct use!
NOTE: PL PROGRESS PARTNERS WILL NEED TO UPDATE THEIR TERMINALS WITH A NEW PATCH , THE LINK OF WHICH HAS BEEN RELEASED VIA MAIL ON 8/2/2021.Clients using ODIN DIET will have to do the same.
Link to download Patch for Odin client :
Link to download patch for Odin diet :