Feedback Message Board

I have a trading and demat account in 5 paisa.com. I have bought some shares which i can see in " My Holding section " in 5 paisa trading platform. But recently I got a mail from Cdsl for that you have nil holding in your demat account. I have contacted 5 paisa helpline. They told that you have to sign a POA then we could transfer shares to your demat account. Is this safe so sign POA?

Hi Mr Rakesh,

Yes, you have to give the Limited Power of Attorney to the broker for your demat account. This will allow the broker to transfer between your trading and demat account.

Note that this is standard process and every customer does this. It is safe.

Read more detail at:
https://www.chittorgarh.com/article/power-of-attorney-for-demat-account-explained-faq/310/