Hi @nitishbangera,
For rented trades on Dhan, we initiate an automated EPN for SLBM transactions. To ensure this process remains fully automated and avoids any manual intervention, DDPI is required.
Additionally, from the borrower’s perspective, on the expiry day we need to debit their account for pay-in (i.e., settlement). If this process were manual, there would be a higher risk of defaults from the borrower’s end.
Therefore, to streamline operations and maintain a smooth, automated experience for all parties, we have made DDPI mandatory.
@TanviVartak As I see, the risks from the borrower side are higher compared to the Renter. As a Renter, I believe TPin can still be used instead of DDPI as the need for automated EPN is not a must but something that is assumed to be needed.
Is this enabled for HUF account?
Hi @Naresh301 We just have started this for retail accounts. We need to get the experience completely right before solving for other account types.
1 Like
@nitishbangera i agree on this with you, as our focus stays on keeping things simple and automated we have taken this call, however i do understand your concern and will check if we can work around it
1 Like
Hello @TanviVartak Really appreciate it that you have acknowledged it and look forward to using the SLBM with TPin.
Mandates shouldn’t be covered with simplicity. DDPI might seem simple but it still gives consent for selling forever. It doesn’t have a provision for a specific period and switching off DDPI isn’t an online process as well which is a totally different issue.
Hi @Tiger_Wolf , the SLBM feature is now available on both our web and app platforms. We request you to kindly update your application to the latest version (1.0.88) to access the SLBM feature on your iOS device.