What is TPIN And How to Generate & Use CDSL TPIN?

CDSL TPIN plays an important role in stock trading. It is a six digit password that is provided to authorize the broker to debit the selected stock from the Demat account with the CDSL for a period of up to 90 days. A TPIN acts as a PoA and hence can be rightly said to be its alternate.

What is TPIN?

The CDSL TPIN was introduced recently in 2020 in the month of June. CDSL TPIN is an additional 6-digit password that allows the customers to authorize the demat transactions or selling stocks that take place from the investors account. The TPIN full form is Transaction Personal Identification Number.

The CDSL TPIN is directly issued by the CDSL to the customers. The customers are also given the facility to reset the pin online at any given point of time using an OTP received on their phone.

The TPIN is used for e-DSL verification for selling stocks. Using a CDSL TPIN makes it safe for the investors as the brokers cannot temper with it legally at any step.

How to Use CDSL TPIN?

The CDSL TPIN is used by the customers to authorize the sale of shares that take place from their account. Here are the steps that customers can follow to use their CDSL TPIN:

• Visit the stocks Dashboard on your stock broker’s website or mobile application and select the stock that you wish to sell.
• Click on the ‘Verify Sale’ Option in order to place the sale of the selected share.
• Look and click on the ‘Verify using TPIN’ option or you can also request for a new TPIN. In case you request for a new TPIN then it will take 6 minutes for the TPIN to get activated.
• The user is directed to the CDSL page where he/she is required to enter the TPIN and then verify the same. The customer has received the TPIN either on email or through an SMS.
• Once the TPIN is verified then the user is redirected to the other page on the broker’s website or mobile app where the sale order can be completed.

 How to generate the CDSL TPIN?

In case the customer has not received the CDSL TPIN, he or she can create one for themselves. In order to generate the CDSL TPIN, you can follow the steps mentioned below:

• Enter the BO Id that is the Demat Account Number held by you and your PAN Card Number.
• In order to get your Demat Account Number login to your brokers mobile app or trading terminal.
• Once the details are entered CDSL will send you an OTP on the registered mobile number ( the number that is linked to your Demat Account).
• Enter the OTP in the required space.
• Once you enter the OTP CDSL will sent you your TPIN either via an email or through an SMS on your registered email id and mobile number.

Benefits of CDSL TPIN

The CDSL TPIN that has been recently introduced offers the following benefits to the Demat Account users:

• It makes the Demat Account transactions safer and secure by eliminating the need for signing the PoA with the stock broker for the Demat Account.
• TPIN provides better control over the authorizing of the transactions that take place through the Demat Account.
• CDSL TPIN is required for each and every Demat withdrawal transaction that takes place through your account especially if you have not signed a PoA with your stock broker.
• The TPIN is managed by the CDSL itself which means that it is absolutely impossible for the stock broker to misuse or manipulate it as per their convenience.
• With the CDSL TPIN the entire process of opening the demat account becomes completely paperless. Earlier the need of signing the PoA made it a paper process as the PoA could only be signed and filled in the paper form.

How to reset CDSL TPIN?

The CDSL TPIN can be changed or reset online by the customer for increasing the safety and security of the Demat Account transactions taking place from his/her account.

The process of changing the CDSL TPIN is just like generating a new TPIN and this process remains same for angel broking, motilal oswal, Zerodha and other platforms in share market.

You can follow the below steps:

• Visit the cdslindia.com website.
• Click on the change eDIS TPIN link which is available on the right side.
• Enter the 16 digit BO ID which is your Demat Account Number.
• Enter the PAN Card Number and click on the ‘Next’ button.
• Enter the OTP received on the registered mobile number.
• Receive the new or changed TPIN in SMS and email.

Note – If you are searching for what is tpin in Zerodha, you will get it at the time of account opening as all Zerodha customers gets 3 PIN Numbers:

1. Kite PIN (Zerodha Login credential)
2. Zerodha Telephone Code (call verification purpose)
3. Zerodha CDSL TPIN (for Transaction)

User Experience: My Experience Understanding CDSL TPIN for Share Trading

As someone who actively trades in the stock market, I often came across the term CDSL TPIN while selling shares through my trading app. Initially, I was confused about why this extra verification step was required. After learning about how TPIN works in Demat transactions, I realized that it is an important security feature designed to protect investors.

The first thing I understood was that TPIN stands for Transaction Personal Identification Number, which is a 6-digit security code issued by CDSL. This code is used to authorize the sale of shares from a Demat account without giving full Power of Attorney (PoA) to the broker. Knowing this made me feel more confident about the safety of my trading account.

Another useful aspect I discovered is that TPIN adds an additional layer of security when selling stocks. Instead of brokers directly accessing shares in the Demat account, investors must verify the transaction using their TPIN through the CDSL verification page. This ensures that only the account holder can authorize the sale of shares.

I also found the TPIN generation and reset process very simple. If a trader has not received the TPIN, it can be generated by entering the BO ID (Demat account number) and PAN details on the CDSL website and verifying the OTP sent to the registered mobile number. Within a few minutes, the TPIN is sent via SMS or email.

Another benefit is that TPIN removes the need for a physical Power of Attorney (PoA). Earlier, investors had to sign a PoA document to allow brokers to debit shares from their Demat accounts. With TPIN and eDIS verification, the entire process has become completely digital and paperless.

For traders who frequently sell stocks, the TPIN verification process becomes routine and takes only a few seconds. Once the TPIN is verified, the broker redirects the user back to the trading platform where the sell order can be completed.

Overall, understanding CDSL TPIN and its verification process helped me realize that it plays a crucial role in making Demat transactions safer and more transparent. It ensures that investors maintain full control over their shares while still enjoying the convenience of online trading.

FAQs – CDSL TPIN