Zerodha is the leading stockbroker in the stock market industry. It supports Transaction Personal Identification Number, also known as TPin, issued by CDSL for effortless trading.
TPin is a six-digit numeric password used to authorise the withdrawal of shares from a customer’s Demat account. It is a third-party service utilised by Zerodha and managed by the CDSL directory. Also, it is a mandatory security code required for selling trades on behalf of non-PoA customers.
A TPin is a secure alternative for non-PoA customers. It eliminates PoA consents to stockbrokers, necessary for managing the debit of shares from their accounts when a customer sells their stocks. Unlike PoA customers, shareholders are now capable of even pre-authorising the selling of these shares at the start of the trading day.
Read more about how you can set up TPin for your Zerodha Demat Account, the validity period of a TPin, who can avail of its benefits & advantages of using TPin below.
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How to set up Zerodha TPin for your account?
To help you set up a CSDL TPin for Zerodha Demat Account, follow the steps described below:
Step 1: Go to the CDSL website (www.cdslindia.com).
Step 2: Click on Login and select the ‘Generate-eDIS TPIN’ link.
Step 3: Enter your BO ID (16-digit Demat Account Number) in the field.
Step 4: Enter your PAN Card Number and click the ‘Next’ button.
Step 5: Enter the OTP received on your registered mobile number or email id.
Step 6:You will receive a TPIN in SMS and email as ‘Your Generated TPIN code is 113211’.
Once done, you’ll receive the TPin on your registered mobile and email id.
How long does a TPin authorisation stay valid?
A TPin authorised for selling customer shares remains valid for one day, and trading activities are recorded from 8:00 am till 5:00 pm for the account during the same trading day.
Users need to pre-authorise the TPin for selling orders every day. Most importantly, it is possible to cancel or reset your authorisation permissions when required.
Moreover, account owners can also check their authorisation status under the ‘Holdings’ section on the Zerodha Kite app or website.
Where to use Zerodha TPin?
Subsequently, as stated above, TPin supports all CDSL transactions on a customer’s Demat Account. One can use the TPin for performing the following actions:
- Perform ‘selling’ operations on stocks from their Demat accounts for trading.
- Convert the selling orders into delivery transactions.
- Benefit margin profits on stocks.
Who can avail the benefits of TPin facilities?
Currently, the account holders mentioned below can avail of the benefits of TPin in Zerodha:
- Individual account holders
- NRI account holders
- Joint account holders
- Minor account holders
However, clients having HUF & non-individual accounts still have to use PoA documentation authorising the debit of shares from their accounts.
Benefits of using TPin for Zerodha Demat Account
Primarily, TPin is a secure alternative to PoA, as it is personal to an individual account holder. To further illustrate the benefits of TPin, one would find that:
- In the first place, the account opening procedure is now paperless. Users don’t have to sign the PoA documents for opening a new account.
- Besides, managing TPin and authorizing the trading operations is less cumbersome.
- TPin is generated and handled by CDSL.
- Zerodha never stores your TPin. Hence, it cannot manipulate or misuue it.
- Moreover, one can easily reset the existing TPin or generate a new one at their convenience.
In short, TPin is an added security layer to your Demat accounts to provide you with a secure trading experience.
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Prachi is working with a multinational IT organisation and aspires to triumph in the field of Data Science. As a Freelance Writer, she writes about technical elements and tech guides for daily operated applications and is typically familiar with Windows or application errors. She fascinates by writing prose and short poetry in her free time.
When not found writing, she indulges herself in reading fine literature or baking delightful treats. She fancies creative stirs and has a crafty and decorative touch to herself. And to kill her time, she does sketching and enjoys her favourite playlist with a hot, brewed cup of coffee.