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 you wish to sell & Click Authorize Now to authorize the stocks
■You will be redirected to CDSL site for completing the authorization using your CDSL T-Pin (T-Pin has been sent to you by CDSL via sms to your registered mobile no. & registered email id).
Note: While authorizing transfer of stocks, incase you have forgotten the T-PIN, you can click on the link "Click here" (Refer snapshot above) to generate a new T-Pin which will be sent to your 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), you can choose to select the quantity , if you wish to sell them. You 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 you are unable to sell the stocks on that particular day then whenever you wish to sell them, you need to authenticate again by T-Pin.
■ Only the stocks sold by you will be transferred to IIFL securities account for settlement.
Note: This facility will also give you 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 your demat account. It will be reflected in “IIFL Holdings” however, in case shares are not received from exchange, you have to arrange for the same to meet pay-in obligation for your 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 you only.