Simplified eDIS Authorisation Experience For Selling Stocks2 min read
One of the most requested features on our platform was the option to give eDIS authorisation for multiple stocks in one go . We are glad to finally launch this feature! This feature will simplify the delivery sell experience drastically by enabling customers to pre-authorise and avoid delays while placing delivery sell orders.
This feature is live on the Paytm Money app as well as website.
We’ve written a detailed article that talks about why eDIS is required.
How this works
- Visit the holdings section, tap on the Authorise Holdings button. You will have option to see a list of Holdings and select stocks, if needed, and authorise only those
- Please note that you can do the eDIS authorisation for your holdings any number of times. Authorisation will be utilized only for the traded orders quantity.
- Tap ‘Authorise using TPIN’, enter the CDSL TPIN and OTP.
- Once the OTP is successfully entered, you will see the confirmation of the authorisation done.
That’s it! No more eDIS authorisation has to be done while selling in delivery trades
Highlights of the feature
- Authorise all your holdings with completing eDIS authorisation one time per day. This can be done anytime before the market opens or during the market hours.
- The authorisation will be valid for that particular trading date.
- If you complete authorisation post market hours (4 PM), it will be applicable for the next trading date, similar to After Market Orders.
- No need to provide eDIS authorisation while you modify order to lower quantity, or if you are selling stocks bought on the same day (excluding Trade-to-Trade scrips).
- You will be asked for eDIS only when eDIS authorisation is insufficient i.e unused eDIS authorisation done for current trading will be considered while placing new order.
- Once you generate a TPIN, it can be used for subsequent authorisations. It is just like how you use one ATM PIN for your debit and credit card transactions.
Authorising all your holdings is optional. Authorising holdings is easier and can be used by anyone to skip eDIS multiple authorisations. In case you want to sell only one or few stocks, you can still authorise only the stock that you want to sell and proceed to place the delivery sell order.
Our team is constantly working on improving the investing and trading experience on Paytm Money. Hope you like the simplified experience! Do share your feedback with us.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532. NSE (90165), BSE(6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. For complete Terms & Conditions and Disclaimers visit www.paytmmoney.com.
