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.
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.
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.
Let's check out how this is actually possible in easy steps.
You also have a procedure to transfer shares online. CDSL has the facility for transferring shares online.
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.
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.