What is DDPI?
DDPI (Demat Debit and Pledge Instruction) is a legal document that allows your broker to debit securities from your Demat account when you sell shares. It replaces the older Power of Attorney (PoA) and ensures safer transactions.
Why is DDPI Required?
Seamless Share Selling – Without DDPI, you must manually authorize every sale via TPIN & OTP.
Mandatory for Pledging Shares – Required if you pledge shares for margin funding.
Prevents Unauthorized Transactions – Unlike PoA, DDPI is limited in scope and only allows share debits for approved transactions.
How to Activate DDPI
Activating DDPI is simple and can be done online through the Star SAMCO platform. Follow these steps to activate your DDPI:
- Log In: Visit star.samco.in and log in to your account.
- Submit DDPI: Click on the “Submit DDPI” button located at the top right of the page.
- Identity Verification: Choose “Continue with Aadhar” to verify your identity.
- Enter OTP: Enter the OTP and Submit
You can also email the signed DDPI form to depository@samco.in for processing.
DDPI is a secure and convenient alternative to PoA, making share selling and pledging easier. While it’s not mandatory, enabling it can simplify your trading experience.
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