How to add shares in your Trading Account from your Demat Account?
Is there any alternative to POA?
Can I sale the shares without POA?
At present, client’s authorization to debit its Demat account can be given in any one of the following ways:
- Power of Attorney (POA) :
You need to submit a Power of Attorney (original copy) via courier. This will enable you to see your shares as well as sell them from your Trading account login.
- Electronic Instruction Platforms of Stock Brokers / Depository Participants (DPs) (eDIS):
Alternatively, you can opt for E-DIS system instead of submitting a POA
E-DIS Process :
Step 1 : Please visit the following link and generate a T-PIN from CDSL’s website:
https://edis.cdslindia.com/home/generatepin
Details required : BOID and PAN
Beneficial Owner ID (BO ID) is a 16 digit numeric number starting with 12083200 and is mentioned in the email with subject “ Your Trading and Depository Account”, which you receive during account opening.
Step 2 : Please login to your Prostocks Trading portal from Google chrome or Desktop Trading application and select ‘EDIS’ option from the ‘Misc’ menu.
Step 3 : Please select the quantity of the respective shares you would like to add and click on ‘Proceed to CDSL’
Step 4 : Enter your T-PIN and your shares will be added to your Trading login. You can check the same in Report > Equity Holdings > Refresh
Notes :
- At the moment E-DIS option is not available in mobile app. However once the shares are added from your browser/desktop login, you will be able to see them and sell them from your mobile app as well.
- The shares added to your Trading login using E-DIS option will be visible/valid only for one day. You are required to add shares once during the day when you want to sell them.
- E-DIS option can be used from morning 8 am every day.
- Your T-PIN remains the same once generated. However, you can change the T-PIN as per your requirement/preference by using the following link: https://edis.cdslindia.com/home/changepin
Video Tutorial
- https://www.youtube.com/watch?v=Mjw-V_lgyyM