Some depositories require additional OTP authentication to sell your stock holdings. More details about this are provided in this post (What is CDSL TPIN?).
This makes it difficult to sell holdings from AutoTrader Web; as it does not support OTP based authorization.
As of now, AutoTrader Web does not support TPIN. Hence, you can use any of the 2 solutions given below:
- Sign in to your trading platform and do CDSL authorization once by placing a dummy sell order for any stock in your holdings. This will require you to do CDSL authorization. Once authorization is done, the system does not ask for re-authorization for the entire day. So now you can sell your holdings from AutoTrader Web.
- Note: This order can be a dummy order as well. For example, if SBI stock is trading at 410/- and you entered a dummy sell delivery order at limit price 425/-. This dummy order will remain open which you can easily cancel later on.
- Power of Attorney – You do not need to authorize each and every sale if your account has POA. Here’s what we found on Zerodha’s website; so every broker should have this facility. You just need to check with your broker.
- Just download the POA document from Zerodha support portal, fill it with relevant details of your demat account, sign it and courier the document to Zerodha head office. Your account will be converted into POA account in 3 to 5 days and you don’t have to deal with TPIN anymore for selling stocks). Read this article.