Comment on POA - Power of Attorney for your Demat account

Soumya Deep commented on 05 Jan 2016, 06:39 PM

Hi Nithin,
I have applied to open a Demat account and trading account with Zerodha for the sole purpose of intraday trading for my mother. I have times and again informed the sales department and account opening department that POA is not mandatory if one does intraday only. However I am repeatedly getting calls from Zerodha that I have to supply the POA as it is mandatory even if one does intraday. It has been 5 times, since I have been called about the POA. The account opening is being delayed due to this.
The person concerned in the account opening team is Pradip.
Thanks,
Soumya

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