How to update the DDPI (Demat Debit and Pledge Instruction)?

How to update the DDPI (Demat Debit and Pledge Instruction)?

DDPI replaced POA on November 19, 2022. Here’s why brokers or DPs need Demat Debit and Pledge Instruction:

·         To transfer securities from the Demat account to the stock exchange when a sell trade is placed

·         To pledge or re-pledge securities in the Demat account for margin trading

·         To transfer shares from the  demat account when the investor participates in a tender offer like takeover, buyback, or delisting

·         To debit mutual fund units from the Demat account when they are sold

 

Activation Process:

 

Individual account holder can activate DDPI online by login on https://sp.mastertrust.co.in/login with user ID and OTP.

Go to “Activate DDPI” option and complete the formality.

This request will be e-signed through Aadhar-based OTP, so you should have access to a mobile number or e-mail registered with the Aadhar database.

 

Non-Individual customers may fill up the “Demat Debit And Pledge Instruction (DDPI) Authorisation” and send it to our Integrated Back office Address mentioned below.

 

Master Capital Services Ltd.

C-56, Sector -63, Noida – 201301 (Uttar Pradesh)

 

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