How to Generate TPIN in Zerodha?
Many new investors and traders using Zerodha brokerage company’s account might encounter confusion when trying to sell stocks after a day or two of holding, as Zerodha requires a TPIN (Transaction Personal Identification Number) if a Power of Attorney (POA) was not submitted during the account opening process.
What is TPIN, and Why is it Important?
TPIN stands for Transaction Personal Identification Number. It is a 6-digit number generated by Central Depository Services Limited (CDSL) to verify the authenticity of customers during withdrawal transactions.
Steps to Generate TPIN in Zerodha:
To generate your trading TPIN (Transaction PIN) for your Zerodha trading account, follow these steps:
Step 1: Go to your Zerodha profile and note down your BO ID, which is your Demat account number displayed on the Kite interface.
Step 2: Open a web browser and search for “cdslindia.com” CDSL website) and select the EDIS option. Then choose “Generate TPIN” from the available alternatives.
Step 3: Enter your BO ID and PAN card number when prompted. Provide these details accurately.
Step 4: CDSL will send a one-time password (OTP) to your registered mobile or email linked to the BO account. Retrieve this OTP.
Step 5: Enter the OTP received within 15 minutes into the designated field on the CDSL website for verification.
Step 6: On successful OTP verification, CDSL will create your unique 6-digit TPIN and send it to your registered contact information.
Changing TPIN in Zerodha
If you already have a TPIN but need to change it, the process is relatively straightforward. Follow these steps:
Step 1: Access your 16-digit CDSL Beneficial Owner ID (BO ID) which identifies your demat account uniquely
Step 2: Visit the CDSL e-Services website and login with credentials
Step 3: Choose the EDIS option on the CDSL website. Change TPIN: From the available options, select “Change TPIN” and proceed
Step 4: Enter details like BO ID, PAN Number when prompted and complete OTP-based verification
Step 5: CDSL will generate new TPIN after verification and send it to your registered email address or mobile number
Step 6: Now you can use the latest TPIN for all future transaction authorizations and account login
This enables easy resetting of existing TPIN into a new one for your Zerodha demat account. You can submit a request online to CDSL and complete authentication formalities using PAN & OTP.
It is important to note that if you have submitted a Power of Attorney (POA) during the account opening process, TPIN generation may not be necessary. Ensure you have your TPIN ready to conduct withdrawal-related transactions effectively.