Filling in the POA form in Zerodha is extremely easy. First download the POA (Power Of Attorney) form, fill in all the details such as Name, Client ID, Signature, etc, and send it to the Head Office of Zerodha. You can download the form online from this link. https://zerodha-common.s3.ap-south-1.amazonaws.com/Docs/IndividualPOA.pdf
What is POA (Power Of Attorney)?
POA or Power of Attorney is a document that allows the broker to sell your shares (in Holding) whenever you try selling them. If you do not submit the POA to your broker, you’ll have to authorize the transaction through CDSL. This happens in the form of a TPIN and OTP, every time you try to sell your shares. This might take some time, hence to reduce this process you can submit a POA document that will make selling your stocks easier and faster.
How to fill the POA form?
To fill the power of attorney form of Zerodha, you will have to download the POA form and send it to Zerodha’s office. This process has to be done offline as there is no online alternative available for it.
To begin with, you will have the download the POA form from this link, https://zerodha-common.s3.ap-south-1.amazonaws.com/Docs/IndividualPOA.pdf
After you download and take a printout of the form, you will have to fill in all the necessary details, Sign it, and courier it. Mention all the key details in the form correctly such as,
● Client ID
● Account Holder’s Name
● Permanent Address
● Date and Day
After filling in all the details, you will have to sign at two different places. If you are a Sole Holder of the account, you will have to sign only in the first box. If there are multiple holders of the account then all the holders have to sign in the form.
In the last part, include the name of two witnesses along with their details, like name, signature, and address.
The final process of the POA form is to send it via Post or Speed Post to the ‘head office of Zerodha’. The address is as follows,
Zerodha H.O No.153/154, 4th Cross Dollars Colony,
Opp. Clarence Public School, J.P Nagar 4th Phase,
Bangalore- 560078.