e-DIS Facilitates Prompt Execution of Trade Obligations

NSDL’s e-DIS facility facilitates Clients to provide mandate/consent to debit and transfer securities from their demat accounts towards the obligation at exchange(s) arising out of trades. Using this facility, demat account holders can fulfill their pay-in obligations without having the need to submit Power of Attorney to their stock broker.
Under this facility, based on the mandate submitted by the Client, Clearing Members submits the instruction to the Depository Participant of the Client to debit the securities from the demat account of the Clients to the extent of obligation at exchange(s) arising out of trades. NSDL validates the details of debit instruction with obligation details uploaded by CCs. Upon debit of securities from the Client account, as a risk mitigation mechanism, NSDL sends SMS to concerned clients at the mobile number registered in their demat account.

NSDL offers a e-DIS API to Broker who would like to offer a facility to their clients to submit online e-DIS based on OTP authentication. This instruction will be initiated by the Client through its Broker’s web-site or mobile application during submission of a securities sale order which is further authenticated and tracked by NSDL.