The present time is called the digital age, which has many advantages as well as some disadvantages. Almost all of our important data remains online, due to which we can access our data in a few minutes, but due to online data, there is a risk of our data being misused and the possibility of online data theft is also very high. it occurs. So friends, in today’s post, we will know what is TPIN after all? And how to make TPIN?
That is why to prevent online data theft, different types of PIN have been created, which is known only to the user, through which he keeps his data saved. T pin is also one such pin which is mostly used in the stock market / in the stock market.
In this article, today we are giving you information about “What is T-Pin”. So let’s see what is TPIN after all? And how to make TPIN?
What is TPIN?
T-PIN i.e. Telephone Personal Identification Number is used to verify the customer, in fact once this process of verification is completed then the person can access the trade.
For your information, let us tell you that the responsibility of generating this PIN lies with the Central Depository Service Limited, which also generates the Telephone Personal Identification Number and edits it if required, as well as manages it. .
If you also trade online i.e. do Selling and Buying work in the stock market, then it is necessary for you to have T-Pin also in terms of security.
Explain that through this, the customer can access the trade broker and demat account and this PIN is a total of 6 digits. With the help of this pin, he can also transfer the shares whenever he wants. When it was not there, earlier power of attorney was required but due to the introduction of this pin, power of attorney has been replaced by T pin.
When we create our account on Google Pay / Phone Pay, then we are given an MPIN with the help of which we can do online transactions. If we do not have MPIN then we cannot do online transactions.
Similarly, it is considered very necessary for the person who has to access the trade, because the government had ordered SEBI to implement it as soon as possible and the SEBI institution has approved it on 1st June in the year 2020. It has also been implemented i.e. all the brokers and depository participants are required to have their own CDSL T-PIN which they receive on their given phone number or email id.
What does TPIN mean?
According to a research, the number of people having demat account in the stock market in our India is only 5 percent and among them only two or three percent of the people who use demat account.
Which clearly means that the number of such people is very less who know what exactly is T-Pin, then let us tell that T-Pin is a type of security password and it can be used only in share market / trade. goes. If you have a T-PIN, then through this the security of your shares and data remains.
What are the advantages of TPIN?
Individuals who use Upstock trading or other top stock market applications must obtain a T-PIN. Below we are giving you information about some advantages of T pin or some benefits of T pin so that you know what can be the benefits of having T pin.
With the introduction of this PIN, now a person does not need a power of attorney because when this PIN was there, the person needed a power of attorney to do the transaction of shares, but now a person can use T-PIN without power of attorney. Share transaction can be done online.
It is very important to have a T-PIN to do transactions on the demat account.
You will need T-PIN as many times as you make a withdrawal transaction from the Demat account. If you do not have a T-PIN, the broker will not be able to access the customer’s account.
T pin is managed by CDSL. In such a situation, the broker will not be able to use any customer’s PIN to do wrong things.
How to Create a TPIN?
We have informed you above that the person who does trading and invests money in the stock market, it is very important to have T-PIN and SEBI will also implement it by the institution from the month of June in the year 2020. has given.
Therefore, after applying for T-PIN, you will receive T-PIN on your phone number or email ID. If you do not have a T pin, you can make it sitting at home. For this, the method of generating T-Pin is being shared with you below.
1: To generate a new Telephone Personal Identification Number, you have been given a link below, which is a link to the official website of CDSL India. By clicking on the link given below, you have to go to the official website of CDSLindia.
Website Link: https://edis.cdslindia.com/home/generatepin
2: By clicking on the link, when you will go to the browser, then a new page will open on your screen. In this page, you have to enter the BO ID in the specified place and after that you also have to enter the number of your PAN card in the specified place.
3: After filling both the information, you have to click on the NEXT button that you see.
4: After pressing the Next key, an OTP will be sent to your phone number, you have to enter the OTP in the specified space and then press the SUBMIT button.
When you complete this process, then an SMS will be received on your phone number in which there will be a 6 digit T-PIN. You have to note it down somewhere and keep it.
What is the use of TPIN?
After opening the demat account, when a person buys the shares of any company, then when the market closing time comes, then that person needs to get his holding verified and T-Pin key to get the holding verified. is also required.
If the person does not have T PIN then he will not be able to buy or sell shares from the market and if he does not have T PIN then he will be able to buy and sell shares from the market, as well as tell you that if any person If he gets his holding verified at the time of the market, then the T-pin which he has, ends on the same day.
Because every day it ends automatically at 3:30 pm and if the person gets it verified again at 4:00 pm then it remains active till 3:30 next day and expires after that.
Explain that the email ID and phone number registered in the account that the user uses to create the demat account, it also gets registered with it.
As soon as the person presses the button holding the Verify, an automatic PIN is generated, which is received by the user through SMS and email, which is a total of 6 digits.
How to Change TPIN?
Sometimes there is a need to change the T-Pin due to some security problem or due to other reasons. If you also want to change the T-Pin due to personal reasons, you can do so and get a new T-Pin. For this, the process of how to change the T pin is being told below.
1: To change the Telephone Personal Identification Number, you have been given a link below, which is a link to the official website of CDSL India. By clicking on the link given below, you have to go to the official website of CDSLindia.
Website Link: https://edis.cdslindia.com
2: When you will reach the website by clicking on the link, you will see an option to Change – eDIS TPIN. You have to click on this option.
3: Now in the next page where BO ID is written, you have to enter the number of your demat account and then where you are being asked to enter the number of the PAN card, you have to enter the number of the PAN card and Then the NEXT key which is visible below, has to be clicked on it.
4: Now you will receive an OTP on your phone number, you have to enter that OTP in the box next to the place where the Inter OTP is written and click on the SUBMIT key button.
By doing this you will get the NEW TPIN, which will come on SMS or on the email ID.
What is TPIN used for?
Just as we use UPI ID to do online transactions and OTP for data verification or account verification, T PIN is used to buy and sell shares in the stock market. Also, we use it for the security of our assets in the demat account.
Who generates the TPIN?
T Pin code is generated by the Central Depository Service Limited i.e. generated and used by the person to buy the stock or to sell the stock. In case of forgetting the T-Pin, the customer can generate the T-Pin sitting at home. The new T-Pin is received by him on his phone number or email id.
About CDSL TPIN
T-Pin has been manufactured by CDSL itself and the responsibility of managing T-Pin as well as editing it is with CDSL itself. The broker does not play any role in this.
Tiffin is made of 6 digits by CDSL and it can also be reset whenever it wants. Once the T-Pin is authorized, it remains valid and active for 90 days. However, whenever you want, you can also cancel its authorization.
Those who use the trade application can check the T-PIN authorization whenever they want.
Through this article, we gave you information about what is T-PIN, as well as we also told you what is TPIN? And how to make TPIN? And what is the process of generating t pin. Apart from this, in the article, we also gave you other information related to T-Pin.
Hope you know what is TPIN? And how to make TPIN? Would have liked this post, and found it helpful.
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