Comment on POA - Power of Attorney for your Demat account

Nithin Kamath commented on 28 Apr 2015, 08:33 PM

Trivendra, with the low brokerage margins we work with, we can’t take the risk of short delivery. (Client sells stock, but fails to deliver). If you are delivering the stock before selling, it is as good as giving a POA. It is a huge operational inconvenience to offer online trading without a POA. Today both NSDL/CDSL, send an instant message as soon as shares are debited from your demat. We have been in business for almost 5 years now, never had an issue with this.

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