What is Demat Debit Pledge Instruction(DDPI) & How to download it ?
Written by Updated on 18 May, 2024
The SEBI circular (SEBI/HO/MIRSD/DoP/P/CIR/2022/4) Dated April 04, 2022, the Power Of Attorney (POA) obtained to allow the Sale of stocks/securities to the broker on behalf of the customer has been changed to ‘Demat Debit and Pledge Instruction’ (DDPI).
Subsequently POAs were changed to DDPI for clients who wish to avail of online trading services with the linkage of Broking and Demat account, then execution of this document by the client is required in order to facilitate seamless and hassle free trading and settlement of transactions.
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To know the steps on how to update DDPI online on your account |
DDPI Resident Indian (RI): Click Here to download the DDPI Form. Submit the duly filled form to the nearest Axis Bank branch. DDPI Non-Resident Indian (NRI):Click Here to download the form.
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