No. Manual pledge authorisation is no longer required for MTF holdings on FYERS. All eligible MTF positions are automatically pledged by the system from the backend.
How MTF Authorisation Works Now
- Automatic Pledge:
Once you buy a stock under the MTF product type, FYERS will automatically initiate the pledge process on your behalf. - No OTP Required:
You are no longer required to enter an OTP between 4:00 PM and 9:00 PM. - Seamless Experience:
This update ensures uninterrupted access to MTF while reducing manual steps and avoiding misclassification of positions.
For official reference, see the announcement here.
Tip: You don’t need to take any extra action after buying MTF stocks—pledge happens automatically in the background.
POA vs DDPI for MTF
No, you don’t need a DDPI (Demat Debit and Pledge Instruction) if you have already provided a Power of Attorney (POA).
A POA authorises FYERS to carry out specific transactions on your behalf, including debiting securities from your Demat account and facilitating MTF trades. DDPI, on the other hand, is a newer authorisation method primarily used for pledging securities. Since your POA already covers the requirements for MTF trading, submitting an additional DDPI isn’t necessary.
This ensures seamless access to MTF services without needing further documentation.
Tip: If you’re unsure whether your POA is active or accepted, check the status under your FYERS account profile or
contact our support team.
What if?
| Scenario | What You Should Know |
|---|
| You previously used OTP authorisation | The OTP process has been discontinued and is no longer necessary. |
| You face a margin shortfall | Ensure the stock is in the MTF eligible list and that the system has pledged it. If still in doubt, contact our support team. |
| You're unsure if the pledge occurred | Check your holdings in the FYERS platform or verify in the pledge ledger. |
| You only have POA | You’re eligible to activate and use MTF without DDPI. |
| You didn’t give POA earlier | You’ll need to activate DDPI to access MTF services. For the online procedure, refer to this article. |
| You submitted both POA and DDPI | Either one suffices, but DDPI may offer a more streamlined experience. |
Last updated: 02 Sep 2025
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