Can I transfer shares from CDSL Demat account to NSDL Demat account?
- Asked By
- Updated On:24-Feb-2021
- Replies:3
Short Answer
Shares can transferred from CDSL demat account to NSDL demat account by using the Inter-Depository option as the transfer mode.
Detailed Answer
Yes, transfer of shares can be done from the CDSL Demat account to the NSDL Demat account. This transfer of shares from the CDSL Demat account to the NSDL Demat account can be done either by Manual Transfer by using Delivery Instruction Slip (also known as DIS) or through the Online Transfer facility given by the Depositories.
A transfer of shares within CDSL accounts or NSDL accounts is done by intra-depository transfer, whereas a transfer of shares from accounts between two depositories such as CDSL and NSDL is done by inter-depository transfer.
Thus, transferring shares from CDSL to NSDL, you need to choose the "Inter-Depository" option as your transfer mode. Here you need to make sure that the type of securities you want to transfer is available for dematerialization on both depositories.
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Discussion (2)
I am unable to add a nsdl account as trusted account in my CDSL account. It's showing enter valid BOID
A very basic but an important query. You can transfer share manually. You also have a procedure to transfer shares online. CDSL has the facility for transferring shares online.
DP means Depository Participant and they act as go-betweens for the depository and the traders. It is the first 8 digits of the Demat account number. For more details, you can read through the expanded version.
You can either send an email to dematclosures@hdfcbank.com from your registered email ID or download the application form and post the filled in HDFC Account Closure Form.
Yes, a demat account is completely safe if it is opened with a SEBI registered broker. This is because all SEBI registered brokers are regulated and monitored by SEBI.
Yes, a student can open a Demat account. In case of minor student, the student's account is operated by a guardian and if the student is 18 or above, he/she can manage the account independently. Overall, there is no age requirement.
There are many ways to check the IPO allotment status but Zerodha doesn't provide this facility on their website.** To check the allotment status you can visit the website of the registrar of the IPO**, for example, Link Intime, Karvy. With the help of a PAN number, you can easily check the status.
Reliance Securities demat accounts can be closed in both offline and online modes, but the offline mode is more formal and authentic. You can download the closure form from their website and send it to the address mentioned on the closure form.
Yes, discount brokers are safe in India and can be used for trading or investing because they are all strictly regulated by SEBI. Let's find out in detail why discount brokers are safe in India.
Interactive Brokers & Zeodha are two Brokers from the Discount Broking community but both are quite different from one another in terms of Features and Working. One is an Indian discount Stock Broker whereas the other is a U.S based Discount broker that has its branches in many countries. Let's look at them in depth below.
Are you looking to close your Demat account with SBICap. You are required to download the demat account closure form available online from the SBI official website.
arpit seth
To transfer shares from your CDSL account to your NSDL account, you will have to first register on CDSL 'EASIEST' platform and fill up all the details. Post that you can add any other account by adding the Benidiciary number as well as the Demat account, OTP received on the registered phone. In this way, you should be able to add a NSDL account.