Zerodha CDSL TPIN Explained (Pre-authorise sell from Demat)

Published on Friday, June 5, 2020 by Chittorgarh.com Team | Modified on Monday, July 6, 2020

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CDSL TPIN is 6 digit password to authorise a broker to withdraw selected shares from the customer's demat account with CDSL. Zerodha CDSL TPIN allows Zerodha customers to give limited time permission to Zerodha to withdraw the selected shares when they sell them online.

TPIN is an alternate to the Power of Attorney (PoA) given to the broker by the customer at the time of account opening. TPIN replaces the PoA all together.

TPIN is managed by the depository CDSL. You can get the new TPIN or reset the PIN online at any time using CDSL website. Zerodha use the TPIN as 3rd party service from CDSL.

Introduced on June 1, 2020, TPIN is a solution to the brokers misusing the limited power of attorney (PoA) given to them by the clients. The Demat PoA was designed for online trading. It permits brokers to withdraw shares when you sell them online.

Note:

Zerodha customer gets 3 PIN Numbers:

  1. Kite PIN (for Login)
  2. Zerodha Telephone Code (for calling Zerodha)
  3. Zerodha CDSL TPIN (for Demat Sell Transaction)

Zerodha CDSL TPIN

Zerodha CDSL TPIN is a 6 digit (numbers only) code provided by CDSL. The PIN offers additional security to your demat account. Zerodha cannot withdraw securities from your demat account without you permit them to do this by using the TPIN.

When you open a demat account with Zerodha or any stock broker, your demat account is actually opened with CDSL or NSDL, the 2 central depositories in India.

Zerodha is depository participant with CDSL (Central Depository Services (India) Ltd). This means the CDSL depository actually hold your demat account with Zerodha. All the securities (Shares, MF, Bonds, NCD, ETF etc.) remain in your demat account with CDSL. Zerodha only service your demat account. It doesn't have access to this account until you explicitly give it.

You would need your Zerodha CDSL TPIN in following trading scenarios'

  1. Placing a 'Sell' order
  2. Convert intraday sell order to delivery orders
  3. Get margin benefits on your stocks

Before the introduction of CDSL TPIN, stock brokers would ask you to sign a PoA (Power of Attorney) at the time of account opening. It limited PoA authorizes them to debit the securities from your demat account when you sell them. In few cases, the regulators found brokers misusing the PoA for their own benefits.

The TPIN is an additional password which allows customer to authorize the demat transaction. The TPIN is stored in CDSL database which makes it safe from brokers misusing it.


Zerodha CDSL TPIN Facts

  • Zerodha CDSL TPIN is created and managed by CDSL website.
  • Zerodha doesn't store your CDSL TPIN.
  • It's a 6 digit numeric password which can be reset anytime.
  • The authorization remains active for 90 days.
  • You can check the authorization status in 'Holdings' section of Zerodha Kite.
  • If you forget your TPIN, a new password can be generated from CDSL website in just few seconds.

Benefits of Zerodha CDSL TPIN

  • CDSL TPIN adds additional safety to your demat account by eliminating the need for PoA.
  • Managing Zerodha CDSL TPIN is very easy. You could visit CDSL website and get new TPIN or reset the existing TPIN at any time.
  • Zerodha use CDSL TPIN as a 3rd party service. The authentication application is own and operate by CDSL. This means Zerodha cannot manipulate or misuse it.
  • It makes Zerodha Demat Account opening completely paperless. Earlier PoA was the only signed-paper-form required by CDSL.

Zerodha CDSL TPIN Generation

CDSL has sent T-PINs to registered mobile and email addresses of all demat account users registered with it.

The SMS looks like as below:

TPIN To Avail CDSL e-DIS Facility For BOID *****512 is 621748.

In case you have not received the TPIN for your Demat account with Zerodha, you can generate a new pin using the following steps.

Steps to generate Zerodha CDSL TPIN

  1. Visit CDSL website (cdslindia.com)
  2. Click on the 'Generate- eDIS TPIN' link available on right side
  3. Enter your BO ID (16 digit Zerodha Demat Account Number)
  4. Enter PAN Number and click the 'Next' button
  5. Enter OTP received on email or mobile.
  6. Receive TPIN in SMS and email as 'Your Generated TPIN code is 113211'

Note:

  • Get your Demat Account Number in the 'My Profile' section of Zerodha Kite Mobile app or website.
  • The TPIN is sent on your mobile and email ID registered with your stock broker.

Zerodha CDSL TPIN Change (Reset TPIN)

Zerodha CDSL TPIN is a 6 digit password which can be change or reset at any time. The TPIN can be reset online using CDSL website in the same manner as you generate a new TPIN.

Steps to change Zerodha CDSL TPIN

  1. Visit CDSL website (cdslindia.com)
  2. Click on the 'Change - eDIS TPIN' link available on right side
  3. Enter your BO ID (16 digit Zerodha Demat Account Number)
  4. Enter PAN Number and click the 'Next' button
  5. Enter OTP received on email or mobile.
  6. Receive TPIN in SMS and email as 'Your Generated TPIN code is 113211'

Zerodha CDSL Authorization Process

You would need to authorize every 'Sell' order placed on Zerodha with CDSL TPIN, if you do not have PoA with Zerodha.

Steps to Zerodha CDSL TPIN Authorization

  1. While placing a 'Sell' order, you will be asked to authorise the trade.

    Zerodha CDSL TPIN Authorization 1

  2. Click on the 'Continue' button. This will take you to CDSL website.

    Zerodha CDSL TPIN Authorization 2

  3. Click on 'manage authorisations' allows you to select stocks for authorization. You can be authorised to sell all stocks or select a few. You can also authorize stocks which you're not currently selling. The authorisation is valid for up to 90 days.

    Zerodha CDSL TPIN Authorization 3

  4. Enter your CDSL TPIN

    Zerodha CDSL TPIN Authorization 4

  5. On successful authorization, you will get the following message.

    Zerodha CDSL TPIN Authorization 5

  6. Place the sell order on Kite platform.

Note:

You can authorize all your demat holdings at once. The authorization is valid for 90 days after which you have to authorize again.



Frequently Asked Questions

  1. 1. What is Zerodha CDSL TPIN?

    The Zerodha CDSL TPIN is a 6 digit password to authorize Zerodha to withdraw the shares from your Demat account when you sell them. The TPIN is an alternate to the Power of Attorney (PoA) for demat account.

    Zerodha customers (who didn't submit the PoA to Zerodha) can use TPIN to allow Zerodha to withdraw the securities from demat account.

    Introduced on 1st June 2020, the CDSL TPIN is more secure way to handle your demat account.

     

  2. 2. How to generate Zerodha CDSL TPIN?

    You can generate Zerodha CDSL TPIN from CDSL website. Following are the steps to generate Zerodha CDSL TPIN:

    1. Visit CDSL website www.cdslindia.com
    2. Click on the 'Generate- eDIS TPIN' link on right side
    3. Enter your 16 digit Demat Account Number in BO ID
    4. Enter PAN Number and click the 'Next' button
    5. Enter OTP received on email or mobile.
    6. Receive TPIN in SMS and email as 'Your Generated TPIN code is 113211'

    Steps to generate Zerodha Tpin:

    1. Visit the official website of CDSL
    2. Click on 'Generate-eDIS TPIN'
    3. Enter 'BO ID' and 'PAN' to complete BO details
    4. Enter the OTP sent on the registered mobile number

    On successful completion of the process, you will receive the TPIN on your registered mobile and email address.

     

  3. 3. How to change Zerodha CDSL TPIN?

    You can change the Zerodha CDSL TPIN anytime using CDSL website. It takes just a few second to change it. Following are the steps to change:

    1. Visit CDSL website.
    2. Click on the 'Change - eDIS TPIN' link
    3. Enter your BO ID (16 digit Demat Account Number)
    4. Enter PAN Number and click the 'Next' button
    5. Enter OTP received on email or mobile.
    6. Receive TPIN in SMS and email as 'Your Generated TPIN code is 113211'

     

  4. 4. What is the BO ID in CDSL?

    BO id in CDSL is the 16 digits Demat account number of the customer who has a demat account with the CDSL depository. The number can be found in your demat account statement or the profile section of the brokers trading website or mobile app.

    Example of CDSL BO ID

    Sample BO ID (demat account number) is 1208160002486841. In this 12081600 is Zerodha's DP id and 02486841 is the customer demat account number.

     

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