Comment on POA - Power of Attorney for your Demat account

sumit commented on 20 Apr 2018, 02:56 PM

Is it possible that you can use poa to withdraw money from my linked saving bank account zerodha.

on zerodha Poa why have you mentioned this clause

I/We also undertake to pay such demat charges/fees and such other charges incurred by Zerodha under this Power of Attorney and
that I/We further authorise Zerodha to debit my/our account with Zerodha with the said charges as and when the same becomes due
for payment and I/we hereby undertake to pay the same immediately on demand made by Zerodha. All charges have been mentioned
in the Tariff sheet in the application form.

To validate on my/our behalf any such instruction so given to the Depository Participant(s), in written/physical or other form as may
be required by the concerned Depository Participant.

i think this is not req. for the same purpose which sir Nithin Kamath have mentioned above.

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