Kindly follow the below steps in order to generate the T PIN to sell and settle the shares through E-DIS-
Login to TT Web
■ Select Reports -> Holdings >> Show Non POA Holdings
■ Select the stocks which client wish to sell & Click Authorize Now to authorize the stocks
■ Client will be redirected to CDSL site for completing the authorization using clients CDSL T-Pin (T-Pin has been sent to client by CDSL via sms to clients registered mobile no. & registered email id).
Note: While authorizing transfer of stocks, incase client forgotten the T-PIN, client can click on the link "Click here" (Refer snapshot above) to generate a new T-Pin which will be sent to clients registered mobile no. and email id.
■ On the CDSL site, Validate the T-PIN and authorize the transaction.
■ On successful authorization, stocks will be available for selling.
■ Once stocks are authorized, total quantity will be made available under IIFL Holdings for selling (Click NSE/BSE under square-off option), client can choose to select the quantity , if client wish to sell them. Client can sell the stocks either from IIFL holdings or from Market Watchlist
■Only the stocks sold will be transferred to IIFL securities account by end of day for settlement. Authorization will be valid for 1 day, if client are unable to sell the stocks on that particular day then whenever client wish to sell them, client need to authenticate again by T-Pin.
■ Only the stocks sold by client will be transferred to IIFL securities account for settlement.
Note: This facility will also give client additional benefit to sell the stock on next 2 days of purchase that is T+1 & T+2, in subsequent settlement even before it is received in clients demat account. It will be reflected in “IIFL Holdings” however, in case shares are not received from exchange, client have to arrange for the same to meet pay-in obligation for clients sale transaction.
Hence, there is risk of auction/close out in case of short delivery for purchase transaction from exchange and IIFL shall not be responsible for losses on account of such shortages. All losses on such shortages shall be borne solely by client only.