Zerodha CDSL TPIN is an advanced and more secure feature in the form of a password, for safely handling your Demat account. So, you wish to know how you can generate the TPIN or when is it actually received. We have explained it in detail.
Zerodha Broking Ltd. offers its traders to set up a 6 digit passcode that allows the broker to withdraw selected shares for a limited period from your Demat account. This passcode is termed as the TPIN code enabled for additional security while trading with Zerodha. Introduced in June 2020, this TPIN code amounts to the 3rd PIN a Zerodha client now gets including Kite PIN and Zerodha telephone code.
Traditionally, a broker asks for PoA (Power of Attorney) from its clients at the time of registration that permits him to debit securities from the client’s CDSL account when he puts them up for sale. However, this feature was reported to be misused by several broking firms for their benefit. To address this issue, Zerodha came up with this additional security feature that substitutes PoA and is in complete control of the client.
Does Zerodha Store My TPIN code?
No, Zerodha does not have access to your TPIN code for security reasons. The PIN code is created and regulated by the CDSL website. CDSL is one of the 2 national depositaries where all your holding with Zerodha is kept. These depositaries hold stocks, Mutual Funds, ETFs, etc in the same way banks hold money. Zerodha is a depository participant (DP) with CSDL and thus operate with it.
How do I Generate the CDSL TPIN?
Normally, Zerodha sends the TPIN on the registered mobile number or email. You can use this six-digit number to authorize sale transactions. However, if you have not received such a text, you will have to generate the TPIN.
You can follow the steps below to do it:
Step1: Visit the CDSL website.
Step 2: Click on ‘e-DIS TPIN’ on the right side
Step 3: Visit the CDSL website.odha Demat account number), PAN number, and click ‘Next’.
Step 4: You will now receive an OTP on the phone number or email. Enter that here.
Step 5: Your TPIN is now generated via SMS. The SMS looks like: ‘Your generated TPIN code is xxxxxx’
Can I reset my TPIN code if I have forgotten it?
Yes, a new TPIN code can be created within seconds on the CDSL website if you have forgotten the old one. All you need to do is visit the CDSL website and click on e-DIS TPIN available on the right side. Then, similar to generating it the first time, put in your 16 digit BO ID and your PAN card number. You will then receive an OTP on your registered mobile number or email id. Enter this OTP on the next page that appears. After this, on the third page, it will ask you to create a new TPIN code. Type it twice for confirmation and voila you have a new TPIN code.
Do I have to authorize the TPIN code on every transaction?
No, you do not need to authorize it before every transaction. Once you permit Zerodha for the sale of securities, it is valid for 90 days. You can check the authorization status on the ‘holdings’ section on the Zerodha kite software. It is advisable to authorize all your holdings at once so you don’t have to it repeatedly. however, after 90 days you would have to authorize again.
We hope now you have clarity as to what a TPIN is and how you can change and reset it. Any queries, feel free to discuss.
I was looking for the way to reset my TPIN code as I have forgotten the old one. The process helped me to generate my TPIN successfully. Thank you.