A Power of Attorney (POA) enables quick, smooth and efficient functioning of the Demat account. It is used to debit securities from your Demat account upon your request to either sell or pledge the securities which you own. In the absence of a POA, you will have to give specific instructions to your broker each time which is practically not feasible to do. If you have not submitted your POA to us, you will not be able to view your equity holdings and won’t be able to sell them either.
For a hassle-free and smooth trading experience, you will need to sign the POA while opening the Demat account offline until we get our own DP license and start Demat services. The POA must be sent to us along with your Demat application form to the following address:
Fyers Securities Private Limited.
No. 225, 1st block, 14th cross, RT Nagar, Bangalore – 560032.