What is power of attorney (POA) & why is it needed?
Power of Attorney (POA) is a document that gives IIFL the authorization to debit your shares from your demat account whenever you sell your shares to settle the pay-in obligation.
On the base of POA (Power of Attorney) given & Signed by you at the time of account opening or separately, IIFL Can debit the shares from your demat account to settle the pay-in obligation
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What is DDPI (POA)?
DDPI, short for Demat Debit and Pledge Instruction, is a formal authorisation mechanism introduced by SEBI to regulate the movement of securities from an investor’s demat account. It replaces the earlier Power of Attorney (PoA) arrangement that gave ...
What is the use of POA?
On the base of POA (Power of Attorney) given & Signed by client at the time of account opening or Separately, IIFL Can debit the shares from client’s demat account to settle the pay-in obligation.
What is the process to submit a POA/DDPI?
You can update POA/DDPI using the below steps- Online Process- Log in to https://markets.iiflcapital.com/ >> Click on the dropdown arrow at the top right corner >> Profile >> Demat Details >> DDPI Authorization >> Authorize Now (follow the ...
What is E DIS facility ?
Electronic Delivery Instruction Slip or eDIS is a facility which allows you to sell shares when you have not submitted your Power of Attorney (POA). Please note: You can only sell the stocks you are holding in your linked Demat account. You may ...
What is Video IPV & when its needed?
Video IPV is a simple and secure way to verify customer’s identity through a live video call. This is a necessary step for accounts where your details in KRA does not match with details provided to IIFL Capital for account activation or modification.