What is POA in Demat Account meant for?

What is POA in Demat Account meant for?

POA is a legal document which stands for Power of Attorney.

It gives authorization wherein beneficial Owner/you appoint Swastika as a lawful attorney and grant them permission to conduct transactions and transfer shares on your behalf. The benefit to have a POA in your account is, you won't require to sign any DIS slip on all the transactions and you can easily sell your delivery holding accordingly. 

‚ÄčBy virtue of the POA, you can get additional money to trade keeping your existing stock holdings as collateral. This is totally dependent on Swastika Risk Team's discretion.  

You can download POA form by click at below link 

(Click on Account opening and modification, go to the bottom, in "other important forms" tab, you can download POA form.)

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