What happens if I don’t grant Power of Attorney (POA) for my demat account?
If you choose not to grant Power of Attorney (POA) for your Demat account with FYERS, you can still trade and manage your holdings securely using digital authorization methods. FYERS supports POA-free trading through EDIS and DDPI, ensuring full control and regulatory compliance without compromising convenience.
Understanding your options without POA
1. Electronic Delivery Instruction Slip (EDIS)
- EDIS is a SEBI-approved digital alternative to POA.
- You authorize each sell transaction using a CDSL TPIN and OTP.
- No need to submit any physical forms.
- Ideal for users who want control over every demat transaction.
- Fully supported by FYERS for equity delivery sales, pledging, and mutual fund redemptions.
- Learn how to use EDIS in this article.
2. What you can’t do without POA
- Your trades will not be auto-authorized. You must complete the TPIN process daily.
- No fallback option for authorization in case of CDSL or system downtime.
- Minor delay in settlement flow compared to auto-authorization under POA or DDPI.
Read our full guide comparing POA and EDIS in
this blog.
What If...
| Scenario | Solution |
|---|
| You don’t grant POA | Use EDIS to authorize Demat transactions using TPIN and OTP. |
| You want a smoother trading flow | Activate DDPI online to eliminate the need for TPIN every time. Refer to this article for the process. |
| You change your mind and want to give POA | FYERS no longer accepts POA; DDPI is the current standard. |
| EDIS fails or delays transaction | Retry authorization, or activate DDPI for uninterrupted flow. |
Tip: FYERS offers DDPI as a POA replacement. It’s a one-time setup that allows seamless trade authorization—no TPIN required per transaction.
Last updated: 05 Aug 2025
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