As you know nowadays every work is being done online through the internet and there is always a possibility of fraud in online works. In order to avoid being fraudulent in online work, we are provided with PINs for different tasks. Like ATM PIN to withdraw money from ATM, MPIN to send money online. Similarly, TPIN is required for online share transactions.
TPIN makes online trading secure, you need a TPIN when you sell shares online. In today’s blog post, we are going to give you complete information about TPIN. In this article, you will get to know what is TPIN, how to make TPIN, and what are the benefits of TPIN.
So let’s start today’s blog post without taking much of your time and know what is TPIN in detail.
The full form of TPIN is “Transaction Personal Identification Number”
TPIN is an important 6-digit and secret PIN provided by CDSL (Central Depository Services Limited) depository in the stock market which is used only for online trading in the stock market. TPIN provides security to your shares and data. Without TPIN you cannot sell shares online.
TPIN is used for Customer Authenticity Verification. With the help of TPIN, the stockbroker can withdraw shares from the demat account of the customer on his order.
You can understand TPIN exactly like MPIN, just as you cannot send money online through mobile without MPIN, similarly you cannot sell your shares without TPIN. TPIN is provided only by CDSL Depository, hence TPIN is also called CDSL TPIN.
TPIN has been implemented by the stock market regulator SEBI since 1st June 2020. Power of Attorney (POA) before TPIN which was later replaced in TPIN.
You must have a TPIN for trading in the share market, because TPIN has been implemented for online trading from 1st June 2020. Those who have a demat account and their phone number or email address is registered in the account, then TPIN has been sent to them through mail or message.
If for some reason you have not received the TPIN, then you can also generate it from CDSL’s website.
So friends, in this way you can generate TPIN very easily.
If you want to change your TPIN for security reasons, you can easily change it too.
To change the TPIN, you follow the following procedure.
TPIN has many benefits for every investor. Following are some of the major advantages of TPIN –
The TPIN is provided to each investor by the CDSL Depository. And CDSL also does the work of managing it.
TPIN was implemented on 1 June 2020 by the stock market regulator SEBI.
CDSL TPIN is of 6 digits.
Yes, you can change the TPIN anytime from the official website of CDSL.
TPIN is used to provide security to our shares and assets in trading, that is, TPIN is used in Demat Account for online trading and investment in the share market.
You should always keep your TPIN secret and secure, because if your TPIN gets in the hands of any wrong person then he can also fraud you by accessing your demat account. If you ever feel that someone has come to know about your TPIN, then you should change it in time.
So, friends, we are sure that after reading this article you must have understood well what is TPIN and how to make TPIN. If you still have any questions related to this article in your mind, then without hesitation you can tell us in the comment box. We will try our best to answer your questions as soon as possible. And if you got to learn something from this article, then share it with your other friends on social media too.
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