Using the Power of Attorney, could a broker withdraw money from my linked bank account?

The Power of Attorney granted to brokers is only for certain transactions in demat accounts. It cannot be used to withdraw shares or pledge shares in order to obtain margin against share facility.
POA does not have anything to do with your bank account or trading account.

Can I get a loan at my Demat holdings?

What are the charges for a Demat account?

In my Demat account what are the value added facilities?

To prevent the misuse of securities in the Demat account, what precautions one must take?

With Identical names, can I open multiple accounts with one DP?

Can we open a depository account with four holder's name?

In a demat account opening form, what is the given standing instruction ?

Can someone be allowed to operate my demat account on my behalf with the powe of attorney?

Define clearing account. How is it different from beneficiary amount?

How much Demat accounts can I add to my trading account?

How many Demat account is needed?

In Demat account is there any Nominee facility?

For how long I can hold shares of a company? Is there any change for holding shares for long time?

How can someone safeguard their Demat account with power of attorney to broker?

Are there different categories of Power of Attorney?

Is there any validity of Power of Attorney for Demat account?

Are there any additional charges related to the Demat Power of Attorney?

Is there any time bound Power of Attorney allowed by the broker?

Is it necessary to print Power of Attorney to the stamp paper?

Can Power of Attorney be signed online?

FAQ Categories

Open a demat account through us and get the account opening charges waived off

Using the Power of Attorney, could a broker withdraw money from my linked bank account?

The Power of Attorney granted to brokers is only for certain transactions in demat accounts. It cannot be used to withdraw shares or pledge shares in order to obtain margin against share facility.POA does not have anything to do with your bank account or trading account.

Can I get a loan at my Demat holdings?

What are the charges for a Demat account?

In my Demat account what are the value added facilities?

To prevent the misuse of securities in the Demat account, what precautions one must take?

With Identical names, can I open multiple accounts with one DP?

Can we open a depository account with four holder's name?

In a demat account opening form, what is the given standing instruction ?

Can someone be allowed to operate my demat account on my behalf with the powe of attorney?

Define clearing account. How is it different from beneficiary amount?

How much Demat accounts can I add to my trading account?

How many Demat account is needed?

In Demat account is there any Nominee facility?

For how long I can hold shares of a company? Is there any change for holding shares for long time?

How can someone safeguard their Demat account with power of attorney to broker?

Are there different categories of Power of Attorney?

Is there any validity of Power of Attorney for Demat account?

Are there any additional charges related to the Demat Power of Attorney?

Is there any time bound Power of Attorney allowed by the broker?

Is it necessary to print Power of Attorney to the stamp paper?

Can Power of Attorney be signed online?

FAQ Categories

The Power of Attorney granted to brokers is only for certain transactions in demat accounts. It cannot be used to withdraw shares or pledge shares in order to obtain margin against share facility.
POA does not have anything to do with your bank account or trading account.