Do I need to send the hard copy of PoA received in the email to open account with Upstox?

The Power of Attorney letter is a legal requirement that permits your broker to conduct transactions and transfer shares to the exchange from your account.

Earlier it was mandatory to fill and send the hard copy of the Power of Attorney (PoA) to the Upstox office. However, recently Upstox has replaced the process with electronic delivery instruction slip service (e-DIS). Upstox is the first broker to start e-DIS which allows you to sell stocks from your demat account in real time.

Now whenever you place a SELL order on the Upstox platform, you'll be taken to a dialogue box that seeks your permission using the e-DIS facility. You need to verify your transaction by entering the OTP sent on your registered mobile and email.

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