A Delivery Instruction
Slip (DIS) acts like a cheque for your demat account. It authorises your
depository participant (5paisa, for example) to debit shares from your
holdings.
There are two main uses of a delivery instruction slip:
Off-Market Transfers
A DIS facilitates the transfer of securities between your demat accounts, even if they are held with different brokers.
Sell Transactions (without PoA/DDPI)
A delivery instruction slip facilitates the transfer of securities if you haven’t granted 5paisa with a Power of Attorney (PoA) or Demat Debit and Pledge Instruction (DDPI) permission. You will need a DIS to manually authorise each sell trade in your account.
Note: 5paisa utilises a more convenient e-DIS authorisation system for everyday transactions.