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    Demat Related

    Demat Transfer process when the other broker is NSDL and the demat account is being closed (NSDL)

    Online share transfer process

     

    Follow the steps below to transfer shares when both the source and target demat accounts are held with NSDL and the source account is being closed:

    1. Visit the NSDL account transfer link https://eservices.nsdl.com/iat-web/#/acc-transfer and accept the Terms & Conditions.

    2. Select Account Closure-cum-Transfer and choose Single Holder or Joint Holder, as applicable.

    3. Enter the Source DP ID and Client ID.

    4. Enter the Target DP ID and Client ID.

    5. Complete the e-Sign process and Aadhaar/VID OTP authentication.

    6. Submit the request and download the acknowledgement PDF


    Offline share transfer process

    Follow the steps below to transfer shares offline using a Delivery Instruction Slip (DIS):

    1. Obtain a Delivery Instruction Slip (DIS) from your current DP (other broker account).

    2. Fill in the following details:

    a. DP ID and Client ID (usually pre-filled)

    b. Share details: ISIN and quantity of shares to be transferred

    c. Target account details: Client ID of the receiving demat account and the name of the receiving DP

    d. Transfer mode:

    i. Off-market transfer for transfers within the same depository

    ii. Inter-depository transfer for transfers between NSDL and CDSL

    e. Reason for transfer and consideration amount (if applicable)

    3. Sign the DIS. Ensure that the signature matches the records maintained by your DP.

    4. Submit the completed DIS to your DP.

    5. The DP will forward the request to the depository for verification.

    6. Collect the acknowledgement slip and allow 3–5 working days for the shares to be transferred.

    Please note: The same offline process can be followed to transfer shares from one NSDL account to another NSDL account without closing the source demat account.


    Demat Transfer process when the other broker is CDSL and the demat account is being closed (CDSL)
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