In stock trading, The TPIN is very crucial. It’s a six-digit password that authorizes the broker to deduct the selected stock from the CDSL’s Demat account for a period of up to 90 days.
In earlier days, The Power of Attorney was required for the transaction of shares but now they don’t need POA ( Power of Attorney ) they only verify CDSL TPIN. That means A TPIN acts as a PoA and can thus be considered it’s alternate.
Basically, TPIN is mainly required when the user sells their holding stocks. Here, you can find What is TPIN, Why we need TPIN to sell stocks and How to generate TPIN.
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TPIN Full Form
TPIN Means Transaction Personal Identification Number. TPIN is six digit secure passcord.
CDSL Full Form
CDSL Means Central Depository Services (India) Limited. CDSL holds shares, bonds and various securities in electronic format. Mainly CDSL managed and generate TPIN numbers.
What is TPIN?
TPIN is a Transaction Personal Identification Number. CDSL has issued users a unique and secure Six digit Pin called TPIN.
For greater investor safety, CDSL adopted e-DIS verification last year. The term “E-DIS” means “electronic delivery instruction slip.” At the time of stock sale, this verification is done using a TPIN.
There are very few peoples in the market who know about What is TPIN and How it works.
Use of TPIN with Example
TPIN is used for security purposes. It secures the user’s shares in their holding an account.
Example :- User has 2000 Infosys shares in their holding Demat account and they want to sell their stocks. That time they need CDSL TPIN. if they enter a Valid TPIN, the depository will send an OTP code to user linked mobile number. After, if the entered OTP is valid then the user is eligible for placing the sell order.
How to generate TPIN in CDSL?
The users who do trade every day in the stock market are aware of TPIN CDSL. If you want to generate TPIN then follow below steps.
1) Click on https://edis.cdslindia.com/home/generatepin website.
2) Enter BO ID and Pancard Number. Press Next Button.
3) The OTP will go to your linked mobile number and Press Submit Button.
4) Finally, you will received TPIN via SMS in your mobile number.
How to change TPIN in CDSL?
Sometimes the existing TPIN is not working or the user found some problem when entering TPIN that time we need to change TPIN. Bellow steps help you to change it.
1) Go To the CDSL website.
2) Click on the ‘Change – eDIS TPIN‘ link.
3) Enter your BO ID (16-digit Demat Account Number).
4) Enter PAN Number and click the ‘Next’ button.
5) Enter OTP received on email or mobile.
6) you will received TPIN in SMS and email Id like ‘Your Generated TPIN code is 123456‘.
