What are the implications of not granting power of attorney for my demat account at FYERS?

What are the implications of not granting power of attorney for my demat account at FYERS?

At FYERS, you can choose between granting a Power of Attorney (POA) or using an Electronic Delivery Instruction Slip (EDIS) to authorize the sale of shares from your Demat account. Each method has its own purpose, convenience level, and security framework.

Understanding POA and EDIS

  • Power of Attorney (POA):
    • POA at FYERS is limited and used only for settlement-related activities like debit of shares after a sale.
    • It does not grant general access or control over your account.
    • With POA, transactions are auto-authorized, simplifying the process for active traders.
    • You still receive full visibility via contract notes and Demat statements.
  • Electronic Delivery Instruction Slip (EDIS):
    • EDIS is a SEBI-compliant digital alternative to POA.
    • You authorize sell orders using a TPIN and OTP-based flow on each trading day.
    • No physical POA form is required, making it more accessible for cautious investors.
    • Recommended for clients who do not wish to give POA but still want trading flexibility.

What If

ScenarioSolution
You want maximum convenience for daily tradingOpt for POA to skip daily authorizations.
You prefer not to submit POAUse EDIS with TPIN to digitally authorize each transaction.
You already submitted POA but want to revoke itSubmit a POA revocation request via FYERS support and switch to EDIS.
Tip: FYERS’ POA is not a blanket authorization—it only applies to Demat settlement purposes, and clients stay informed with regular statements.

Learn More

For detailed comparisons and FAQs, read our blog: POA vs. EDIS – Which is right for you?

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