What is the DDPI charges and how to activate the DDPI in Fyers

What is the DDPI?

DDPI Stands for Demat Debit Pledge Instruction. In the old times when we submitted Power of attorney to our broker to debit securities from our demat account, sometimes some broker could misuse our POWER OF ATTORNY.

To safeguard Investors' interests, SEBI replaced the POA with DDPI. In DDPI, the broker has limited rights only.

This is the agreement between you and the broker where you authorized to broker to act as on behalf you such as debit and credit the securities from holding, provide the margin and other service.

DDPI is optional not required if your turnover is less than 20 lakh but this very useful for us. especially for those people who trade in delivery (Overnight) trade.

If you submit the DDPI to Fyers now you can trade without CDSL authorization, you no need to enter CDSL pin manually and waste your valuable time.

Here are some advantages of DDPI -

• DDPI Saves our valuable time at the time of selling securities from holding.
• DDPI is required when you want to Activate MTF facilities at FYERS.
• DDPI is required when you want to participate in Corporate Actions like Buybacks, Takeovers, Delisting, etc.
• DDPI Sells your holding without CDSL pin authorization.

How can we activate the DDPI in Fyers?

There are two methods to activate the DDPI by Online and Offline

Online

By online there is also two methods to submit the DDPI by Mobile app and desktop version. Here is the Step-by-Step process for how to activate the DDPI

You have to Login in to Fyers Mobile App and

 

1. Look to the left-top here will be shown first latter of your name tap here,
2. Find the DDPI status on 2nd position go here
3. Here payment screen will show confirm here and proceed for next
4. Wait for some time here E-Stamp paper will generate.
5. Now Continue and do E-Sign with ADHAR number.

Refer to the below GIF-

or

Offline-

If you want submit the DDPI offline then you have to download the DDPI Form and take the print and fill this form like this Sample DDPI.

After filled the form send this form by courier

FYERS Securities Private Limited

225, 14th Cross Rd,

Rahmath Nagar, RT Nagar,

Bengaluru, Karnataka 560032

F&Qs

Is the DDPI risky for us?

No, DDPI submission is not risky as compared with POA. In POA broker has full rights of your account but in DDPI broker has limited rights only.

Why is DDPI Chargeable and what are the breakups?

DDPI is chargeable because this is an agreement between broker and you. Here is the DDPI charges breakups

Stamp Paper	₹ 100/-
DDPI Activation Charges	₹ 42.37 only
GST 18% on DDPI Activation	₹ 7.63 only

How we can submit the free DDPI in Fyers?

No, DDPI Submission is not free you have to pay Rs 150 one time.