Today, in this blog post we will discuss what is TPIN in Zerodha, How to generate the TPIN in Zerodha and also how to change this TPIN in Zerodha if required. Lastly we will discuss how to aviod this TPIN process in Zerodha. So, let's start.
What is TPIN in Zerodha?
The CDSL TPIN in Zerodha is a six-digit password that allows a broker to sell selected shares from a client's demat account with CDSL. The Zerodha CDSL TPIN allows users to grant limited time permission to Zerodha to sell the chosen shares on behalf of them if they sell them online.
A TPIN is a code that serves as an alternative to the Power of Attorney (PoA) provided by the customer at account opening. The PoA has been replaced by the TPIN.
The depository CDSL manages the TPIN. You may change or reset your TPIN at any time by going to the CDSL website. The TPIN from CDSL is used by Zerodha as a third party service.
TPIN is a regulation designed to prevent brokers from misusing the authority of Power of Attorney (PoA) granted to them by consumers.
It was implemented on June 1, 2020, and it's intended to be a solution to brokers abusing the Power of Attorney (PoA). The Demat PoA was created with online trading in mind. It allows brokers to withdraw shares when you sell them over the internet.
Also read: What is Convert position in Zerodha?
How to use TPIN in Zerodha?
You can use the TPIN in Zerodha in the following three conditions
1.While selling your stocks from Demat account
If you want to sell your shares from your Demat account , you will need to use the TPIN to do it.
Enter your TPIN in the TPIN field and type the quantity you want to sell. Once you click on Sell button, all that quantity of your shares will be sold from your Demat account.
2. While converting Intraday sell orders to delivery orders
You will also need to use the TPIN in Zerodha to convert intraday sell orders to delivery orders.
suppose, you have a sell order for 1000 shares of XYZ company at Rs. 100 per share. You now want to convert that into a delivery order.
To convert it, you will need to enter the TPIN in the required field in Zerodha.
3. In order to get margin benefits
The third case when you will need to use your TPIN in Zerodha is when you want to get margin benefits.
For example, you have some shares holding in your Demat account and the market price of those shares is higher than the purchase price of those shares.
In order to get margin benefit for this transaction, you will need to use your TPIN with Zerodha.
How do I get a TPIN for Zerodha?
If you already have a TPIN from CDSL, then you can use it with Zerodha right away without getting another one. But if you don't have any TPIN then you will have to get a TPIN from CDSL.
However, All demat account users registered with CDSL have already received T-PINs by email and mobile phones.
The following is an example of the text message:
TPIN To Avail CDSL e-DIS Facility For BOID *****687 is 532875.
If you have not yet received your TPIN for your Zerodha Demat account, follow these procedures to create a new one.
Step by step process to generate TPIN in Zerodha
Step 1: First visit the CDSL India website and clicked on the Generate-eDIS TPIN link.
Step 2: Then enter your BO ID (Zerodha Demat Account Number) in the field provided, and then hit Next.
Step 3: After that enter your PAN number and OTP code from the recent SMS or email.
Once you submit the OTP, CDSL will sent you the six digit TPIN code to your registered mobile number and email id.
Note:
In the "My Profile" section of the Zerodha Kite Mobile app or website, you will get your Demat Account Number.
How to change TPIN in Zerodha?
The CDSL TPIN is a six-digit password that may be changed or reset at any time. The TPIN can be reset through the CDSL website in the same manner as a new one is created.
Step by step process to change TPIN in Zerodha
Step 1: Go to the CDSL India website and click on the link for creating an eDIS TPIN.
Step 2: Next, put in your BO ID (Zerodha Demat Account Number) in the box provided, and then select Next. You will get this BO ID in Zerodha my profile tab.
Step 3: After that, please type in your PAN number and OTP code from the most recent SMS or email.
CDSL will provide you with the six-digit TPIN code to your registered mobile number and email address again once you've submitted the OTP.
How to avoid TPIN in Zerodha?
If you want to avoid this process of TPIN in Zerodha, then you will need to submit the Power of attorney application with duly signed and filling all the required options to Zerodha.
This POA will authorise some limited power to Zerodha to sell your shares on your behalf. This will eliminate the process of generating and entering the TPIN while selling your shares.
This is the only way to avoid TPIN process in Zerodha.
Conclusion
TPIN is a six-digit password that is created by CDSL and sent to your registered mobile number and email address.
You will need this TPIN every time you sell your shares from you Demat account. You can also change or reset this TPIN at any time through the CDSL website in the same way as it is generated.
If you want to know more about TPIN in Zerodha, then please do comment in the below section.
FAQs
Is TPIN mandatory for Zerodha?
Yes, it is mandatory for all Zerodha customers who have not submitted the physical copy of POA to Zerodha to use TPIN.
How do I find my TPIN number?
You can check your registered mobile number or email account to get your TPIN number from CDSL. You can also generate a new TPIN by visiting the CDSL official website.
What is TPIN in Zerodha in hindi?
CDSL TPIN छह अंकों का पासवर्ड है जो ब्रोकर को CDSL के ग्राहक के डीमैट खाते से चुनिंदा शेयर बेचने की अनुमति देता है। Zerodha CDSL TPIN उपयोगकर्ताओं को Zerodha को उनकी ओर से चुने हुए शेयरों को बेचने के लिए सीमित समय की अनुमति देने की अनुमति देता है यदि वे उन्हें ऑनलाइन बेचते हैं।
