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Why does RMoney require a Power of Attorney (PoA) to open a demat account?

RMoney Account Opening

RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

You have to submit a physical POA to be able to sell and transfer shares from your demat account through the trading account linked to it. Without PoA, the broker cannot withdraw the shares from your demat account and thus cannot complete the sell transaction.



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