How to transfer shares from one Demat account to another?

Short Answer

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.

Detailed Answer

An important query both for investors and traders especially beginners. Have you ever thought How to transfer shares from one Demat account to another? or Have you tried transferring shares?

Sometimes you may wish to open a new demat account with a different stock broker. In fact, there can be various reasons for doing so.

  1. You may have more than demat accounts and wish to consolidate to one.
  1. Or you want to try services of a different popular stock broker.
  1. You wish to try a new discount broker offering low brokerage plan.
  1. To shift from discount broker to a full service broker.

Whatever the reason for transfer of shares, you are looking for an easy way out. Right!

So, if you already have shares in your existing demat account. What to do about it? You may wish to transfer shares from one demat account to the other. So, now the question is: How to transfer shares from one Demat account to another?

Firstly, there are 2 types of transfers based on 2 national depositories i.e. NSDL and CDSL.

  1. Intra-Depository transfer or Off-market transfer: within a Depository itself.
  1. Inter-Depository transfer: Transfer from one depository to other.

Let's check out how this is actually possible in easy steps.

Transfer shares from one Demat account to another: Process

1. Manual transfer of shares:

  • Get Delivery Instruction Slip (DIS) from your stock broker.
  • Complete all the details like beneficiary owner ID, International Securities Identification Number(ISIN) as required in DIS.
  • You also need to provide the mode of transfer and sign the form.
  • Submit this to your present broker.
  • You may have to bear some charges for transferring shares that vary for different stock brokers in India.

2. Online transfer of shares:

You also have a procedure to transfer shares online. CDSL has the facility for transferring shares online.

  • Register at the CDSL website.
  • Select "Register Online" Link.
  • Click the "Easiest" option.
  • Fill the form with all the relevant details.
  • Print the form and give it to Depository Participant(DP).
  • Your details shall be verified.
  • Once verification is complete, you will receive login details in your registered e-mail ID.
  • You can login and transfer your shares easily.

That sound a simple process to transfer your shares online. Isn't that? Did I miss any crucial detail here? Do let me know and add it to increase our knowledge.

Tagged With: demat accounttransfer demat account
Categories: Stock Market
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Discussion (1)

    Head to the CDSL online website and you can do it from there. While there are many others ways to do it, it all revolves around the CDSl website.

Related FAQs

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

Shares can transferred from CDSL demat account to NSDL demat account by using the Inter-Depository option as the transfer mode.

Can a person have more than one Demat account in his name?

Yes, definitely. One person can create multiple demat accounts but with different Depository Participant or broker.

What is the difference between Demat account and trading account?

Trading Account is used for buying and selling securities while Demat Account is for holding various securities in electronic format.

Can I have two Demat accounts in India? 2 or multiple accounts

Yes, you can have multiple demat accounts with different stock brokers in India. But, what's the need to have 2 demat accounts? Just have a single demat account with a good popular broker. That's it!

What is need and importance of Demat Account in India?

The stock market has seen significant changes since the introduction of demat accounts. Demat refers to “Dematerialization” of shares. Know the meaning, need and importance of Demat Account in India. Simply speaking, Demat account allows you to store securities in electronic form.

What are ICICI Direct Demat Account Charges? Account Opening & Brokerage

The opening charges of an ICICI Demat account is zero. However, the Demat account's annual maintenance charges are 700 rupees per annum, and the trading account opening charges are 975 rupees per annum.

Is it mandatory to have a Demat account to apply in an IPO?

Yes and no at the same time. Although you can apply for an IPO without a Demat Account in some cases, the allotted shares are tradable through a Demat Account, Thus, a Demat account is recommended for an IPO.

Is a Demat account required for SIP?

No, SIPs doesn't require any demat account. One can start SIP by completely minor documentations such as KYC, FATCA etc.

Can my demat account have joint holders?

Yes, your Demat account can have joint account holders provided they have been included in your demat account while opening a demat account.

What is a Demat Account in Hindi?

Demat Account is an account for physical securities in electronic format. If you want to know the same in Hindi you can find the same below.