If you are a newbie to the stock market and using Zerodha as your broker, you may have faced the cdsl authorisation process while trying to sell your stock holdings. It can be confusing for the first time, and we may not even remember things like the tpin we have from Zerodha at that time.
So, In this blog post, I will describe what is TPIN in Zerodha and how to generate, change, and use TPIN in Zerodha. So let’s get started.
What is tpin in Zerodha?
Tpin is 6 digit code provided by CDSL. Tpin is used to authorise the debit of securities from the Demat account against delivery sale transactions.
The tpin was introduced on 1 June 2020 to stop the misuse of limited power of attorney (POA) given to brokers by clients. The Demat accounts power of attorney (POA) is designed for online trading. It allows stock brokers like Zerodha to withdraw shares when you sell them online.
But for the non-POA customers, cdsl introduced the tpin facility. It is a third-party service provided by cdsl to stock brokers like Zerodha.
Clients who do not have a Zerodha POA will receive a CDSL TPIN when they open a Demat account with a broker. This TPIN will be sent to their registered mobile number and email address.
As I mentioned earlier, TPIN is managed by the depository CDSL. Zerodha and other brokers don’t have anything to do with it. Clients can receive new tpin and reset tpin using the cdsl website.
I hope the above explanation explains what is tpin in Zerodha. Let’s understand how to generate Zerodha cdsl tpin.
How to generate Zerodha CDSL TPIN?
When you open a Demat account with a broker(Zerodha, Upstox, etc.), you will receive 6 digit TPIN from Central Depository Securities Limited (CDSL) on your registered email address and mobile number.
Still, if you don’t remember or find your CDSL TPIN on your email or mobile number, you can follow these simple steps to regenerate the TPIN:
- Visit the official CDSL website.
- Enter your BO ID (16-digit Demat Account Number) And
- PAN card number and click NEXT.
- Enter OTP received by Email or Mobile Number.
- And You Will Receive TPIN in email and mobile number as “You have requested a TPIN to avail online DIS (e-DIS facility) for BOID – 1XX**********322. Following TPIN has been generated to avail CDSL’s e-DIS facility.”
- TPIN: XXX245
Note: You will require your Demat account number while generating TPIN.
How to change CDSL TPIN? (Reset TPIN)
The Zerodha CDSL TPIN is a 6-digit code that can be changed or reset anytime. The TPIN can be easily reset online using the official website of CDSL. Follow these easy steps to change the Zerodha CDSL TPIN:
1) Visit the official CDSL website and Go to the EDIS section.
2) You will find two options 1 for generating and 1 for changing TPIN; click on change tpin.
3) Enter your BO ID (16-digit Demat Account Number) And PAN card number and click NEXT.
4) Enter OTP received by Email or Mobile Number.
5) CDSL will send your TPIN to the registered mobile number or email ID used to send the OTP previously.
Zerodha CDSL Authorisation Process
As we understand what is tpin in Zerodha, let’s check how to authorize transactions in Zerodha.
If you don’t have Zerodha PoA, you’ll need to authorize every ‘Sell’ order placed on Zerodha with CDSL TPIN. The Preauthorization/ Authorisation Process is as follows:
1) As shown below, a pop-up will appear when you ‘sell’ your holding stocks. And will ask for authorisation to trade.
2) Once you click on “Continue,” you’ll see the screen below.
3) “To select stocks you wish to authorise for selling, click on “manage authorisations” on this screen. With manage authorisations, you can select all your stock holdings to sell, so you don’t need to do this process multiple times. This authorisation is valid for one day, after which you will have to do the same process again.
4) Once you click on “Continue to CDSL,” It will open the CDSL page and ask you to enter your CDSL TPIN.
5) After successfully verifying TPIN, you can see a list of all the stocks selected to do authorized. Then to complete the authorisation, you must enter OTP sent by CDSL to your registered mobile and email address.
6) Once you have successfully verified OTP, you will see the confirmation message below.
7) And now you can sell the stocks on the kite platform.
Read other interesting topics on the blog.
- What is the Long Unwinding Meaning in Stock Market?
- What is CMP in Share Market?
- What is TPIN in Zerodha?
- 35 Powerful Candlestick Patterns in Stock Market
- Best Time Frame for Intraday Trading, Swing, and Positional Trading
- How to Buy Shares in Zerodha Kite for Long Term – Detailed Explanation
Conclusion
TPIN stands for Transaction Personal Identification Number. Once the investor or trader verifies the tpin with cdsl, they must authenticate transactions with OTP sent to register mail or mobile number by the CDSL.
I have discussed all aspects of TPIN in this post, so I hope you have a clear view of What is TPIN in Zerodha and how to generate it. Or if you want to change your CDSL TPIN, that is also clearly described in this post.
Keep in mind: For non-POA customers, the CDSL TPIN provides an additional security layer to prevent brokers from misuse of the Demat account. And managing CDSL TPIN is easy. Customers can easily change or generate the CDSL TPIN anytime by visiting the CDSL website.
Happy Trading.😊
Frequently Asked Questions
What is the full form of TPIN?
The TPIN stands for - Transaction Personal Identification Number.
Can we change our TPIN after generating it once?
Yes, you can change your tpin anytime from the CDSL website.
TPIN is a six-digit code provided by CDSL to non-POA customers of brokers like Zerodha, Upstox, etc.
