Can I transfer shares from CDSL Demat account to NSDL Demat account?

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.

Tagged With: cdslnsdltransfer sharesdemat account
Categories: Demat
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Discussion (2)

    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.

    I am unable to add a nsdl account as trusted account in my CDSL account. It's showing enter valid BOID

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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.

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