Comment on POA - Power of Attorney for your Demat account

Nirmal commented on 12 Mar 2017, 05:31 PM

Hi Nitin,

I got the account opening forms via email and i was going through the forms.
I am a newbie to trading platform and could you please help me understanding about the POA.
Will my bank account linked to Zerodha trading account be debited at any point of time without my consent.
My understanding was that fund transfer from bank account to trading account will have to be initiated from my end, and my bank account would be credited monthly/quarterly automatically from trading account as per Running account conditions. Is my understanding correct ?

Thanks in Advance.

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