Many novice investors or traders use Zerodha brokerage company accounts for stock market transactions. However, if the investor does not submit the authorization letter when opening the account, then when they try to sell a stock after holding Zerodha for a day or two, Zerodha will ask for a TPIN. At that time, those investors or traders were confused because they did not know what TPIN in Zerodha was or how to generate it. Total score, IPVProblems related to TPIN are very common among new investors because they do not know how to generate these problems.Like my previous post, I showed you How to create TOTPBut through this article, I will discuss the queries related to TPIN in Zerodha.
If you also have questions about TPIN or need any TPIN related information, this article will be very helpful to you. Through this article, I will discuss all the steps to generate TPIN in Zerodha. Not only that, I will also describe TPIN in detail. So you can understand why it is so important.
Zerodha’s TPIN FAQ
The full form of TPIN is the transaction personal identification number.
Yes, this is extremely important. Because there is no TPIN, you can sell the stocks you hold or conduct transactions related to withdrawals. However, if you submit a power of attorney (POA) during this period Open an account You will not need TPIN.
No, it is impossible. If you do intraday trading, then TPIN is unnecessary, but if you hold any stock for more than one day, it is considered to be holding stock. When you try to sell these stocks, you must own TPIN.
Yes, it is variable. Suppose you have already generated a TPIN, but for some reason, you must change it. You can do this without any problems.
No, there is no need to generate a TPIN every time you withdraw. However, if you find that it is safe to generate TPINs frequently, then this is not a problem. Because there is no restriction on generating TPIN.
What is TPIN?
Central Depository Services Limited or CDSL generates TPIN. This is the process of customer authenticity verification. When Demat holders want to sell their holdings, Zerodha will ask for TPIN. For any Demat withdrawal transaction, this is a mandatory step for Zerodha and all other stock brokerage companies. It is necessary to have your 6-digit TPIN number. Otherwise, you must go through the following steps to generate it. Without this TPIN, you will not be able to conduct any transactions related to withdrawals.
A step-by-step guide on how to generate a TPIN in Zerodha
Because you haven’t generated a TPIN yet. Due to TPIN, you may encounter problems in any withdrawal transactions. Therefore, in the following, I will guide you through all the steps so that you can generate a TPIN in Zerodha yourself.
first step
Copy your BO ID: The BO ID is just a Demat account. Because you have a Demat account in Zerodha. The Demat account will be required for the TPIN generation process. If you don’t know where to get this number, then below I will guide you through,
- First, go to Zerodha Kite interface,
- Then click on the user ID,
- Now go to your profile, scroll down a bit, and you will see your BO ID number there,
- Copy the number in your device or simply write it carefully on a piece of paper. Because this is very important for the upcoming process.
Second step
Generate TPIN: Now visit the official website of Central Depository Services Limited to further carry out this process. First, go to Google Chrome and type cdslindia.com in the search bar. After pressing Enter, chrome will take you directly to the website.
Here you will see multiple options, among which you must select the EDIS option and click on it. Now scroll down a bit.
After scrolling down, you will see options to generate and change TPIN. When generating TPIN, we will choose the first option to generate TPIN. It’s very simple, you only need two things, your Demat account number and the universal number.
As shown in the picture above, you must enter your Demat account number. For this reason, I previously told you to copy the BO ID number that contains 16degites. Now put it in the given place, next is the Panka. If you enter the two numbers correctly, the website will send you the OTP number via mobile phone or email.
Since you have provided your Demat account ID before, CDSL will send the OTP on that number or email ID, and the number or email ID will be registered with the BO ID in Zerodha.
A page will now appear on the screen. Place the OTP in the given location. Be careful, because OTP is only valid for 15 minutes. Your TPIN is now ready. CDSL will send your TPIN to your registered mobile number or email ID. The registration number they used to send OTP before is the same.
A simple way to remember the steps of the generation process
- First, copy your Demat account, also known as BO ID. It contains 16 digits.
- Now use any browser to access CDSL website,
- Go to EDIS option after visiting cdslindia.com,
- Scroll down a bit and select Generate TPIN By clicking on it,
- Put your BO ID number and the number Pan cares about in the given place,
- The website sends an OTP to place,
- Put it in a given place,
Your TPIN is ready and will be sent to your registered email ID or mobile number.
How to change your TPIN in Zerodha?
Suppose you have already generated your TPIN, but for some reason you want to change it now. Changing TPIN in Zerodha is very easy. To change the TPIN, you must perform the first step, which is to completely copy your BO ID number.
Optical cable
Direct link to CDSL website
After copying your BO ID number. The second step is exactly the same. That is to visit the CDSL website.Click now Electronic information system Options. Once you click the option, a new page will appear on the screen.
Now scroll down a bit and you will see that there are two options: Generate Personal identification number with Change TPIN (As I told you in the previous paragraph). Now you must click Change TPIN option.
Just like before, now the website will ask you for your ID number and PAN number. Once you enter it, you will get the OTP in your registered mobile phone or email ID. Just place the OTP in the given location.
Once you use your personalized OTP number to complete the verification process. The CDSL website will generate a new TPIN for you. You can use it for the next transaction or to resolve issues related to withdrawals.
Remember the simple steps to change TPIN in Zerodha
- Copy your BO ID number.
- Go to the CDSL website and click on the E-DIS option.
- Scroll down a bit and click Change TPIN. A new page appeared on your screen.
- Put your BOI ID number and PAN number in the given space.
- You will receive a dynamic password in your registered email or Zerodha mobile number.
- A new page requesting OTP appears. Place the OTP correctly. Now your work is complete.
It takes approximately 15 to 20 minutes to generate a new TPIN for you. The website will send you a new TPIN via the registered email or mobile number as soon as it is ready.
When is there no need to generate TPIN in Zerodha?
In the above paragraph, I have discussed the need for TPIN for withdrawal-related transactions. But you can also trade without generating a TPIN in Zerodha. To use such facilities, you only need to submit a “authorization letter” in the name of Zerodha. Zerodha provides a feature that can be used when you submit a POA file Open an account With them. If you submit, you can trade more smoothly. It will help you get a better trading experience.
Suppose you made a call, but due to Internet issues or other issues, you were unable to make the transaction, and because the stock price is facing a downward trend, you are losing money every hour. To avoid this bad situation, you only need to sigh 3 spaces to generate a power of attorney.When you send a Action plan, You are authorizing to Zerodha. Sell ​​stocks on your behalf. I think this is a very good feature, because you don’t have to remember TPIN, and Zerodha will also help you ignore irrelevant losses.
in conclusion
Through this article, I have discussed all aspects of TPIN. So I hope my readers have a clear understanding of TPIN in Zerodha and how to generate it. Not only that, if you want to change your TPIN number, this article also clearly explains this point. It is very important to generate your TPIN, otherwise you will not be able to conduct any transactions related to withdrawals. So please keep this in mind and generate your TPIN as soon as possible. There is no option to disable TPIN.
