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What is PoA in 5paisa?

5paisa Account Opening

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Power of Attorney (PoA) is a legal document signed on a paper by a customer and given to the broker. It gives limited authority to 5paisa to withdraw securities from a customer's demat account to process his online sell order or while pledging of securities.

PoA is a mandatory and important document in online trading. Without it, a broker cannot guarantee the completion of online sell transaction in T+2 days where T is the day of trading.

The PoA has to be signed on the physical paper and sent to the broker. It cannot be signed online. The PoA can be withdrawn at any time.

Read Power of Attorney for Demat Account - Explained for more detail.

 

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