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What is PoA for a Trade Smart Online Demat account? Why is it required?

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A power of attorney or POA is a written permission from you that gives specific rights to your broker in relation to your demat account. The right includes the debit/credit/block/create lien/pledge of your depository accounts and transfer or pledging of securities etc., held in the account. The PoA ensures that some demat activities like transfer and pledging of securities can smoothly happen online without the human intervention.

 

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