Is It possible to open a Non-POA demat account at FYERS?
Yes, FYERS offers the flexibility to open a Demat account without submitting a Power of Attorney (POA). In this case, you can trade using an Electronic Delivery Instruction Slip (E-DIS), which securely authorises your transactions without needing physical documentation.
How does a no-POA Demat account work?
- You will need to authorise every delivery-based sell transaction using an OTP-based E-DIS flow.
- This applies to Equity Delivery trades—intraday and derivative positions are not impacted.
- The E-DIS process must be completed on each day you wish to sell shares from your holdings.
FYERS has integrated this system to provide users with an efficient and secure way to trade without compromising control or compliance.
What If
| Scenario | Solution |
|---|
| You forget to complete the E-DIS process on the trading day | Your sell order may be rejected. Make sure to authorise shares before placing the order. |
| You face issues with E-DIS authentication | Check if your mobile number and email linked to your Demat account are active and match depository records. |
| You later want to enable POA | You can submit a signed POA form to FYERS to switch to POA-enabled mode. |
Tip: E-DIS is a SEBI-compliant alternative to POA and is ideal for investors who prefer not to hand over physical authorization rights.
Learn More
For deeper insights and comparisons, read this article: Demat Account Without POA – What You Should Know
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