Why is authorization required?

Authorization is required for transferring stocks from your DEMAT A/C to complete your sell transaction. It is an additional security measures for ensuring that only you are selling stocks from your DEMAT and no one else. This is a mandatory requirement by regulator.

• 1.Overview:

Sell authorization is an additional security feature enforced by regulatory to safeguard investor’s interest. Whenever you sell stocks from your DEMAT A/C, 5Paisa moves those stocks only if you have done a successful authorization. The authorization is done on CDSL website once in a day, whenever you sell your stocks. The authorization is done by entering CDSL PIN. The authorization is valid for a day only.

• 2.Authorization Validity:

The authorization will be taken for all DEMAT holding, avoiding authorization for every sell. This authorization will be valid for current day only.

• 3.Errroneous transfer:

Erroneous transfer of securities will be refunded back to the respective client’s demat account.