On December 18, 2024, users across trading platforms faced disruptions as CDSL’s TPIN verification system encountered technical issues, preventing traders from selling stocks. Platforms like Zerodha and Groww confirmed the glitch and assured users that the problem is being resolved.
However, frequent TPIN verification can be avoided altogether using the Demat Debit and Pledge Instruction (DDPI) feature, which eliminates the need for daily authorization.
CDSL faces TPIN verification issues; users unable to sell stocks
What is DDPI?
DDPI (Demat Debit and Pledge Instruction) is a facility that allows traders to pre-authorize their brokers to debit securities from their Demat accounts for sell orders. Once enabled, it saves time and bypasses the need for daily TPIN verification.
Steps to Enable DDPI Across Brokers
1. Zerodha
- Go to Console.
- Navigate to Account.
- Select Demat.
- Click on Enable Demat Debit and Pledge Instruction.
- Click Proceed to confirm.
2. AngelOne
- Go to Account.
- Click on View All Categories.
- Select DDPI Status and enable it.
3. Upstox
- Go to Profile.
- Select My Account.
- Click on Sell instantly with DDPI.
- Activate DDPI to skip TPIN verification.
4. Groww
- Currently, DDPI is being rolled out to select users. Check in your profile settings for availability.
Benefits of Enabling DDPI
- Avoid Daily Hassles: No need to enter and verify TPIN every time you sell shares.
- Automatic Authorization: Sell shares instantly without manual intervention.
- Time-Saving: Especially useful for active traders who place frequent sell orders.
For Traders Still Using TPIN
If DDPI is not yet enabled, you will need to enter the TPIN daily and verify sell transactions. This manual process, however, becomes unreliable during technical downtimes like the one experienced today.
While CDSL’s TPIN issue highlights the need for robust systems, enabling DDPI can ensure seamless stock-selling processes without daily interruptions. Traders across platforms like Zerodha, AngelOne, and Upstox can enable DDPI today to save time and avoid similar disruptions in the future.
