Comment on Update to CDSL's TPIN authorisation process for selling stocks
commented on
19 Feb 2021, 03:20 PM
This is very very bad user experience. Why would you process GTT if it results in short sale and auction !
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Impact on GTT sell orders: Since the new process requires an OTP for the transaction to be completed successfully, you’ll need to authorise the debit with TPIN and OTP before 5:00 PM on the day the GTT order is executed after the order is executed. You will receive an email and a notification on Kite confirming that the GTT was triggered for you to authorise your stocks in a timely manner. If you do not authorise the debit after the GTT is executed, the transaction will result in short delivery, auction and penalty.
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