Authorize your Sell Transaction with T-PIN

May 25, 2020 12:15 PM 10672 views

Protecting client information and ensuring all their data is secure and safe is at the forefront for IIFL. To strengthen the process of transactions we have added an additional layer of security in partnership with the Central Depository Services (CDSL) via eDIS.

What is eDIS?

E-DIS is a facility introduced by IIFL where you can now authorize stocks in your demat account that you wish to sell using the T-PIN provided by CDSL on your registered mobile number or email ensuring safe handling of stocks in your demat account without submitting a physical Delivery Instruction Slip (DIS) every time if POA is not mapped to your account. You can make use of E-DIS facility till the time you submit your POA.

Under this new process, when a sell transaction takes place on your demat account you will have to give a one-time authorization using the T-PIN sent by CDSL to your registered mobile number and email ensuring safe handling of stocks. The T-PIN is permanent whereas the authorization is valid for 1 day.

Note: Currently this feature is available on our TTweb platform and will be implemented on IIFL Markets app soon. 

Authorization Process: 

For example, if you are trying to sell a stock part of your portfolio you will have to give a sell authorization. 

By clicking on ‘Authorize Now’ you will be re-directed to the CDSL website where you will have to insert your T-PIN that will be sent to your registered mobile no. and email address.

After successfully entering the correct T-PIN your request will be accepted by IIFL and you can then manually place a sell order. 

T-PIN Generation:

CDSL has recently sent you a T-PIN on your registered mobile no. and email. If you have not received or have missed their message and email you can simply generate a new T-PIN by replicating the following steps. While placing a sell order with IIFL you will be asked to authorize your T-PIN, during the authorization process if you click on the ‘Forgot CDSL Pin’ option a message and email with your new T-PIN will be sent out. All you have to do is insert the new T-PIN to authorize your sell transaction.  

Step-by-Step Process:

Here you will find the step by step process of how you have to authenticate your sell transaction via the new CDSL T-PIN process: 

After successfully logging into the TTweb portal; place and confirm your sell order.

After confirming an order you will have to authorize the same. A pop-up will appear on the screen highlighted in the image below. You can also square off the stocks through Non-POA holding under the ‘holdings’ section, by selecting the stocks you want to sell and authorizing the same via the T-PIN procedure. 

Once you click on the ‘Authorize Now’ option you will be redirected to the CDSL web page where you will have to insert the T-PIN.     

Once you have inserted your T-PIN and are authorized you will have to manually place a sell order. Moreover, the stocks selected will move from Non-POA holdings to IIFL holdings.

Note: You can simply sell the stocks from IIFL Holdings or through the watchlist using the traditional sell method.

Hurry up and click here to open an account with India's best trading app!

Disclaimer: Images are for reference purposes only.  

Tags: #Finance

May I Help You

Submit