What is Demat Debit and Pledge Instruction (DDPI)?
- Demat Debit and Pledge Instruction (DDPI) is a document that allows a broker to debit the securities from the client’s demat account and deliver them to the exchange. The client does not have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted.
- SEBI, through this circular (WEB), has introduced DDPI, which limits debiting shares from a client’s account only if there’s a sell trade placed by the client. DDPI replaced POA on 19th November 2022.
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