Introducing DDPI - A secure, faster way to sell shares

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At Fyers, we are constantly innovating to improve your trading experience. We are thrilled to announce the integration of Demat Debit and Pledge Instruction (DDPI) into both our web and mobile platforms. This new feature simplifies the process of selling securities and managing margin requirements by removing the need for T-PIN verification, ensuring faster and more secure transactions.

What is DDPI?

Demat Debit and Pledge Instruction or DDPI is an agreement based authorization mechanism introduced by SEBI in the Indian stock market to facilitate specific functions related to demat accounts. This one time instruction allows your broker/Depository Participant(DP) to debit or move securities from your demat account when you sell them.

How does DDPI work?

As the name indicates DDPI is an authorisation that the client gives the broker or a Depository Participant to debit securities from his Demat account on occasions like the ones mentioned above.

Without DDPI, selling a security from your Demat account requires authorization through an OTP and Transaction PIN (T-PIN), which can lead to several issues. Challenges such as remembering the T-PIN, delays in executing sale transactions, and potential network timeouts can hinder the trading experience. However, with DDPI enabled, you can sell your holdings smoothly without the need for an OTP or T-PIN, streamlining the entire process and enhancing transaction efficiency.

Here are the cases in which DDPI can be useful

  • DDPI enables transferring shares from a client’s Demat account to the exchange when selling.
  • Tendering or selling of the client’s shares in open offers, such as buybacks, delistings, or acquisitions, via stock exchange.
  • Pledging or re-pledging securities to a trading member ™ or clearing member (CM) to fulfill the client’s margin requirements.
  • Debiting of mutual fund units from the client’s Demat account on redemption.

Advantages of choosing DDPI

Faster transactions: You could bid goodbye to the hassle of entering OTPs and T-PINs for every transaction. This will make your transactions faster.

Enhanced security: The DDPI is specific to the holdings in your account and for specific transactions only. As this a legal agreement between you and your broker, so there are lesser chances of unauthorised transactions.

Empowerment of the client: With DDPI in place, the clients have more control over the timing of their trading decisions which is not case if you have to enter OTPs and T-PINs each time you want to sell your holdings.

Optimised GTT order execution’: Orders like Good-Till-Trigerred are better executed with the help of DDPI as it does away the step of manual intervention of entering T-PINs and OTPs.

Regulatory authorised mechanism: DDPI is a SEBI authorised mechanism and each broker follows the processes set by the regulator, which makes DDPI a trusted mechanism of authorising debits from your demat account.

How to enable DDPI online on your Fyers account?

Activating DDPI (Demat Debit and Pledge Instruction) on your FYERS account is a straightforward process. Here are the steps you need to follow:

  • Start by logging into My Account on the FYERS platform, click on your profile and select ‘Manage Account.’
  • Under the header ‘Freedom from T-PIN,’ find and click on the option ‘Enable DDPI.’
  • A sidebar will appear with a brief on DDPI and the terms and conditions. Read through them carefully and check the box to agree.
  • Click on ‘Proceed to e-sign.’ A document containing all your relevant details will be generated. Review the details and click on ‘Sign Now.’
  • You will be redirected to the Digio page, where you need to check the box and enter your Aadhaar number or VID to complete the e-sign process.
  • After e-signing with the Aadhaar OTP, you will receive a message stating ‘E-sign successful.’ The status will then display ‘In Progress.’ Your DDPI will be activated within 24 working hours.
  • A one-time fee of ₹150 is charged for activating DDPI, which will be debited from your trading account to cover stamp paper and operational costs.

For a visual guide on how to activate DDPI, refer to the instructional video provided below:

How to enable DDPI on FYERS - Offline method?

To activate DDPI (Demat Debit and Pledge Instruction) offline:

  • **Fill out the **DDPI form: Download and complete the DDPI form available from our platform.
  • Send the Form: Courier the completed form to the address below:

FYERS Securities Private Limited
225, 14th Cross Rd,
Rahmath Nagar, RT Nagar,
Bengaluru, Karnataka 560032

It will take up to seven working days to update the DDPI from the date we receive your courier.

Note on Charges: Offline activation of DDPI incurs a stamp duty of ₹100. This amount must be available in your trading account to initiate the DDPI application process.

How is DDPI different from PoA?

DDPI and Power of Attorney are both authorisations given to the broker from the client’s end. While DDPI is a specific instruction to debit the demat account for certain kinds of transactions, PoA allows brokers broader powers to debit client’s account. Since there were instances of unauthorised debits from client’s accounts, SEBI has replaced PoA by DDPI since November 2022.

Conclusion

We at Fyers are at the forefront when it comes to making trading simplified for our users. Introduction of DDPI on FYERS is a step towards that direction. We would urge our users to make use of this secure method of authorising debits from your Demat so that you can sell your holdings faster without the hassles of using T-Pin.

Embrace the future of trading with Fyers, where we continuously strive to uphold our commitment to ‘TradingSimplified’.

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2024 Wrap-Up: Reflecting on a Year of Significant Progress
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I do not see it in my account, managed section. Is there any pre-requisite? or is this enabled for a selected group of user?

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No update on MTF. Next month was 2 months ago. :roll_eyes:

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@communications_team team sharply ignoring GTT on web and MTF questions.

Feature stuck into circular pipeline →

Nor FIFO (First In First Out) Nor FILO (First In Last Out), its FINO (First In No Out) :hollow_red_circle:

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Hi Pranav, we generally don’t give specific timelines on feature releases. I can assure you that GTT will be implemented on web and MTF is around the corner and is being tested by a closed user group. Will keep you posted soon.

FINO comment was too funny :slight_smile:

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Hey @JVyUmW9h6G, Things got a bit delayed because of the back-end complexities of MTF. We’re on the job and we’ll keep everyone posted soon.

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Your tech team seems very poor.

I have enabled DDPI FROM some days, but your app shows to enable it.

In actual it’s enabled at backend, but in app it says so.

I have emailed support for some times now , but no one seems to care. Attached screenshot of same.

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@tejas_khoday i don’t think so its very hard to say that why its taking tooooooo much time to impliment GTT on fyers web. cheapest broker platform have the facility why don’t have the fyers.

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Hi @hamid, thats concerning to hear. Could you please DM me your client ID so that I can check in detail and assist you further?

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Hi @tanmay_ray , Please make sure your app is updated to the latest.

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I am trying to enable DDPI, but getting error message “You do not have access to DDPI”.

Raised a ticket…also sent DM to @Shruthi Shetty, but no resolution till now.

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The error is still there…any update on the issue, please ??

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Hi Akanksha Panwar, could you please DM me your client ID so that I can report this to the team and get this checked?

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Issue resolved.

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Thanks for the update. Happy Trading!

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Hey @hamid, we haven’t received any updates in the DM. Please provide your registered details so that I can assist you with your concern.

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Hey @bhupen_a, I know it got delayed and I regret that too. We’ll make it happen before Independence day. It was de-prioritized for a specific reason. Btw, w.r.t cheapest broker platforms, they use ready vendor solutions but they won’t be able to change anything. We on the other hand, build all these feature requests in-house. We’re currently working on many other feedbacks given to us here. GTT will surely happen too. In the meantime, I request you to use GTT feature from the mobile app.

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@FYERS team, Does DDPI applies for API trading on python platform aswell? Do we still need to manage OTP and TPIN while placing sell orders via python platform?

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@tejas_khoday, did you guys bother to communicate that you have de-prioritized Web GTT for “specific reason”. We customers have been constantly demanding it on this forum since almost 2 years as a basic requirement, yet we have been getting only fake commitments of it coming soon. Customers paying brokerages won’t care whether you use your fancy in-house built OR ready third-party solutions, all we need is proper features to place our orders efficiently and an effective + transparent feedback mechanism on the product.

Web GTT
Kill-Switch
Chart-based Price Alerts
Fyers Direct Mobile App
…

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Hey @sunil_kumar6
The TPIN requirement will not be there even through API if the DDPI is enabled