If I’ve given a POA, do I need DDPI for MTF trading?
No, you don’t need a DDPI (Demat Debit and Pledge Instruction) if you have already provided a Power of Attorney (POA).
A POA allows us 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.
What If…
Scenario | What You Should Know |
---|
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. |
You submitted both POA and DDPI | Either one suffices, but DDPI may offer a more streamlined experience. |
Tip: If you're unsure whether your POA is active or accepted, check the status under your FYERS account profile or contact support.
Last updated: 12 Jun 2025
Related Articles
How to activate Margin Trading Facility (MTF) in FYERS Web?
To activate the Margin Trading Facility (MTF) on FYERS Web 1.5, follow these steps in sequence. This process is only supported on the Web 1.5 version of the FYERS platform. Enable DDPI: Ensure your Demat Debit and Pledge Instruction (DDPI) is active. ...
How do I activate DDPI for on FYERS?
Activating DDPI makes your trading smoother by removing the need for TPINs or OTPs every time you sell stocks or use margin trading. It’s a one-time digital setup that works on both FYERS Web and Mobile. What is DDPI? Demat Debit and Pledge ...
Do I need to pledge/authorise my MTF holdings?
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 ...
What is the interest rate for Margin Trading Facility (MTF) in FYERS?
If you’re using Margin Trading Facility (MTF), it’s important to understand how interest is charged on your borrowed amount. We apply a slab-wise interest rate based on your total borrowed amount on any given day. This structure ensures transparency ...
What is Margin Trading Facility (MTF)?
Margin Trading Facility (MTF) lets you buy stocks by paying only a portion of the total trade value upfront. The remaining amount is funded by us. This feature enables you to take larger delivery positions with limited capital by leveraging approved ...