Comment on POA - Power of Attorney for your Demat account

Soumya Deep commented on 22 Dec 2015, 06:55 PM

Thanks Nithin,
However talking to a customer support executive of Zerodha, he said that POA is mandatory even if I do intraday only as Zerodha needs the permission to square off trades by 3:30 PM. So I am a little baffled.
Also he said that HDFC Demat will be problematic for selling shares as they need to clear the transaction. For the buy side however it wont be any problem.
So, as a whole things are not that clear to me. I want to do intraday only without any hassles on Zerodha.

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