CDSL TPIN and DDPI are two different ways to achieve the same goal of selling holdings from your Demat account in Indian stock markets. But which one you should choose for your account?

This blog will help you in getting a clear idea on whether you should apply for DDPI or keep using the CDSL TPIN process for selling your holdings.

What is CDSL TPIN?

The Transaction Personal Identification Number(TPIN) is like a password provided to you by Central Depository Services Limited, where your Demat accounts are opened on your behalf by us. 

By default, when you want to sell your holdings, you are first redirected to the CDSL website. There, you are prompted to enter your TPIN and then reconfirm the transaction with an OTP sent to your registered mobile number and email address. It acts as an extra layer of security, requiring confirmation before your holdings can be sold.

While secure, entering the TPIN and OTP can be time-consuming, especially for active investors. Additionally, during volatile markets, system overload could potentially delay TPIN verification and OTP generation, leading to missed opportunities. DDPI process is much simpler than this and gives you a hassle free selling experience. 

DDPI: Simplifying the Selling Process

DDPI is a one-time authorization document submitted to your broker which allows him to sell holdings from your demat account. 

Once DDPI is approved, you can place sell orders directly, eliminating the need for TPIN and OTP. This can significantly speed up your selling process and potentially reduce “slippage costs” (the difference between your intended price and the actual execution price).

Making the Choice: DDPI vs. TPIN?

If you frequently sell your holdings and value speed and convenience, DDPI could be a game-changer for you. However, if you sell your holdings infrequently, CDSL TPIN might suffice.

How to activate DDPI for your Demat account?

In order to activate DDPI for your Demat Account you can follow these steps:

For Mobile App

  1. Login to your Share.Market account
  2. Go to profile section (Placed at the top left on mobile app)
  3. Tap on “Account Information”
  4. Tap “Activate” on the “Seamless Sell” option
  5. Do the E-sign process and submit the form
  6. Your DDPI will get activated in 24 hours

For Web Version

  1. Login to your Share.Market account
  2. Go to the “Profile Section”(Placed at the top right on your web screen)
  3. Click on “Preferences”
  4. Next click on “Account Information” section
  5. Select “Seamless Sell” option 
  6. Click on “Activate” 
  7. Proceed with the E-sign process and submit the form
  8. Your DDPI will get activated in 24 hours

Already Familiar with TPIN? No Problem!

You can continue using CDSL TPIN for authorization. However, to avoid delays in volatile markets, initiate your TPIN and OTP generation before the market opens. This ensures your orders are placed on the exchange swiftly and executed seamlessly upon market open.

For any further questions about DDPI, feel free to reach out to our customer support team. We’re committed to empowering you with the information you need to make informed decisions and streamline your investment experience.