Sage-Tips

Does GTT require CDSL TPIN?

The GTT sell order in Zerodha requires Zerodha GTT authentication by way of CDSL TPIN authorization. You can pre-authorize your holdings that will remain valid for 90 days.

What happens if GTT triggered but not executed?

A GTT-triggered order does not guarantee execution. To increase the chances of trade execution, you need to set the buy limit orders above the trigger price and the Sell Limit orders below the trigger price.

How do I authorize CDSL in Zerodha GTT?

To do so, you’ll have to click on the ‘Authorisation’ button on the Holdings page on Kite. If you do not authorise the debit after carrying out the sale, the transaction will result in short delivery and subsequent auction and penalty. You can read more about the auction process here.

How do you know if GTT is executed?

When a GTT is triggered, and the order is placed on the exchange, it will be executed only if the limit price order placed is filled on the exchange.

Is CDSL TPIN same for all brokers?

CDSL TPIN is unique to every client. You get the CDSL TPIN on your mobile number, and email address (from [email protected]) registered with CDSL. If you do not have a CDSL TPIN, you can generate it by visiting the CDSL website.

How do I authorize stock at CDSL?

You’ll have to enter the OTP sent by CDSL to your registered mobile number and email id to complete the authorisation. Upon successful authorisation after entering the OTP, you will get the below confirmation message. Now you can place the sell order on Kite.

How do I remove a rejected GTT?

How do I delete a Good Till Triggered(GTT) order placed on Kite?

1. Go to the Orders window on Kite.
2. Click on the GTT tab.
3. Place your cursor over the stock you want to delete and the options tab will pop up.
4. Click on the options tab.
5. Click on delete.
6. Click on the delete button.

How do I Authorise CDSL?

If you haven’t received it, you can click here to generate it. Make sure to confirm that the correct email address and mobile are updated at CDSL by checking your profile on Console. Do remember this TPIN, as it would be required to authorise the sale of stocks with CDSL before you can place an order for them on Kite.

Can Zerodha sell my shares without my permission?

Zerodha cannot withdraw securities from your demat account without you permit them to do this by using the TPIN. When you open a demat account with Zerodha or any stock broker, your demat account is actually opened with CDSL or NSDL, the 2 central depositories in India.

Does CDSL charges for selling shares?

Depository Participant(DP) charges levied by CDSL(depository) is a charge applicable whenever you sell shares from your DEMAT account. If you sell 50 shares of X in the morning and 50 shares of X in the afternoon, the total applicable DP charges for that scrip(stock) for the day will be Rs. 13.5 + 18\% GST.

How do I transfer shares from one CDSL to another CDSL?

How to transfer shares using CDSL Easiest?

1. Register for CDSL Easiest.
2. Add Trusted account details.
3. Once the trusted account is set up, go to ‘Setup’ on the transaction section.
4. Select Bulk Setup.
5. Click on the Transaction tab.
6. Enter the below details and Submit.
7. Click on verify to verify your request.
8. Click on Commit.

How do I place a GTT sell order?

To place a GTT sell order, one needs to select the trigger type as ‘single’. Enter a trigger price and limit price where you want to execute the order. In the case of sell, the trigger price must be lower or equal to the limit price. For example, you have 100 Wirpo shares in your holding and you want to create a GTT order.

What triggers the GTT order?

The GTT order will be triggered even in case a stock opens gap up or gaps down, having breached your trigger price. For instance, if the stock closes at 90 on Monday and you have placed a buy trigger for 100 with a limit price of 102.

How to place a GTT buy or sell order in Zerodha?

Zerodha offers to place a GTT buy or GTT sell order using a Single trigger or OCO (One Cancels the other). Single Trigger – In the Single trigger type, you need to set the trigger price and input the order price for the required quantity. The single order gets placed to the exchange as soon as the trigger price gets hit.

What is the validity of authorization for GTT order?

The validity of authorization is only for 90 days. This is not required if you’ve submitted a POA. GTT orders are allowed to be placed only during market hours. The order is sent to the exchange only when the price reaches the trigger price set. This is unlike GTC where all orders are sent to exchange everyday morning.