Thanks for sharing details, which I have been exploring for last few months (well before Karvy issue exploded). I did register for EASI & Easiest, wherein CDSL requested me to get it authenticated by DP. When I contacted DP (Reliance Capital now Reliance Securities), they informed that they don’t have such facility with them & aborted the process initiated by me.
Now the question arises that if its (Easi & Easiest) owned & provided by CDSL/NSDL, why DP has to authenticate? I feel that it opens the scope for other DPs to misuse POAs and create another Karvy like scenario, where retail clients are blamed for either not reading POA during account opening process before authorizing the DP or not monitoring various statements/ sms received by DP & Regulators.
Has someone (having Reliance securities as DP) completed this process with CDSL?
Does this action (rejection) put Reliance Securities in same bracket as Karvy?
Moderators : Feel free to help me putting it in right thread (as it is not related to this thread)