Why Is Power Of Attorney Necessary In Zerodha?

Is it necessary to send POA to Zerodha?

While trading futures and options or intraday equity trading, there is no requirement of the POA.

But whenever you sell shares from your demat account or want to pledge them for getting margin for trading F&O, the POA is used to debit the shares from your demat account..

Is POA mandatory for online trading?

Power of Attorney is not mandatory. … If you do not give PoA to anyone, you are the sole operator of your demat account. This is the safest way. Buy this option 1 is not practical in online trading.

How do I send POA to Zerodha?

Once you download the form, fill the required field, sign it and send it via courier to the Zerodha office at the address mentioned below. The other option or say alternative for POA is the online delivery instruction slip. You can find the option to submit it in Console by clicking on Profile and then on Demat.

What is non submission of POA?

POA or Power of Attorney document is the only documentation that was required to be offline till now. This means that while you have submitted your account opening process completely online, you were still required to courier the POA document.