Comment on CDSL introduces PIN-based pre-authorisation for selling stocks

Krish commented on 01 Jun 2020, 04:51 PM

While some comments here are fair (e.g. CDSL website down issue – though not sure why they did not get the SMS), I find many comments here to be strange, as some are even conducting intraday transactions using CNC instead of MIS. Perhaps they are BTST types and since Zerodha does not allow BTST with MIS Margins and only with CNC, they are facing trouble. Most others who do ‘pure CNC’ for long-term or ‘pure MIS’ for same-day transactions are not likely to be affected.

However, that does not mean this issue can be ignored.

Either Zerodha has to stop the MIS intraday mandatory square-off process and allow BTST using MIS Margins, or simplify the T-PIN entry for BTST players who do not want to submit POA.

Though God knows, I’d rather just submit POA and review my statements everyday. T-PIN is certainly a useful problem-preventing measure but reviewing your holdings regularly (using a simple excel compare) makes more sense in any case.

View the full comment thread »