Demat Account Authorisation

DDPI vs POA in a Demat Account {{now.year}}: Must You Give Your Broker Power of Attorney?

New to a demat account and asked to sign a "power of attorney" for your broker? You almost certainly should not. SEBI replaced the old, abuse-prone POA with the narrow DDPI in November 2022 — and even DDPI is optional. Here is exactly what your broker can and cannot do, and the OTP-based alternative that gives you maximum control.