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    Demat Related

    How to transfer shares from Groww to ICICI Bank demat account?

    You can transfer shares from Groww to ICICI Bank Demat account through online or offline modes. The process of transferring shares through both modes is explained in detail below.

    Online share transfer process

    Follow the steps below to transfer shares online when both your existing demat account and ICICI Bank Demat account are held with CDSL.

    Step 1: Register for CDSL Easiest

    Register for CDSL Easiest Facility in the demat account from which you want to transfer shares.

    1. You can register for CDSL’s Easiest Facility through the below link: https://web.cdslindia.com/myeasitoken/Home/EasiestRegistration

    2. Enter your DP ID and Client ID of your existing demat account. You can find these details on the broker’s platform/DP platform where you hold your demat account.

      • First 8 digits = DP ID
      • Next 8 digits = Client ID

    3. Click on the checkbox to accept the Terms & Conditions and continue.

    4. Enter the OTP sent to your registered mobile number and email.

    5. Fill in your account details, create a username, select Account Type: Trusted Account (PIN), choose a security question and answer, and continue.

    6. Registration completes here. Your broker/DP may take up to one day to authenticate it. You will receive the password by email.

    7. Log in using your username and emailed password → Enter OTP → Validate.

    8. Create a new password and submit. Log in again with your new password and OTP.

    9. Go to Miscellaneous → Reset PIN → Answer the security question → Submit. PIN will be emailed to you.

    10. Now go to Miscellaneous → Edit Trusted Account → Add Trusted Account.

    11. Enter the BO ID (16-digit demat account number) of your ICICI Bank demat account.

    12. To find your ICICI Bank demat account number:

          Log into ICICIdirect: https://secure.icicidirect.com/customer/login

          Click on your Client ID (top right). Your 16-digit demat number will be shown under your name.

          You can also obtain your Demat Account number by logging into your account through the ICICI Bank website link: https://infiniti.icicibank.com/

    13. Enter this demat number in the BO ID field and submit.

    14. The status will show Pending for Authentication until linking is completed.

    Step 2: Link the BO ID

    1. Go to Transaction → BO Linking Setup.

    2. Enter the Buyer BO details, your PAN, and submit.

    3. You will receive an email from CDSL with an authentication link — click it.

    4. Enter your PAN and demat account number → Submit.

    5. Review seller and buyer details → Generate OTP → Accept.

    6. Log in again and check Transaction → BO Linking → BO Linking Inquiry and Delink.

        The status should now show Verified.

        Once this is done, you can initiate share transfer.

    Step 3: Steps to Transfer Shares

    1. Log in to your CDSL Easiest account.

    2. Go to Miscellaneous → Edit Trusted Account and confirm the status is Authenticated by DP.

    If not, contact your broker.

    3. Go to Transaction → Setup and enter the details:

    A. Counter BO ID: Demat number of the receiving account

    B. Execution Date:

    i. Same day if during market hours

    ii. Next working day if outside market hours

    C. Entity Identifier: Select NA

    4. Under ISIN Details, click “+” and fill in:

    A. ISIN (12-digit stock code; viewable under Account ISIN)

    B. Quantity

    C. Consideration Amount (can be 0)

    D. Reason for Trade

        Click OK.

    5. Add more ISINs if needed by clicking on the “+” button.

    6. Click Verify → OK.

    7. On the Transaction List page, select the checkboxes → Commit → Enter OTP and PIN.

        Your shares will be transferred within two days.

     

    Offline share transfer process

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

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

    2. Fill 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 name of the receiving DP

    D. Transfer mode:

    i. Off-market for same-depository transfers

    ii. Inter-depository for NSDL ↔ CDSL transfers

    E. Reason for transfer and consideration amount (if any)

    3. Sign the DIS (signature must match DP records).

    4. Submit the DIS to your DP.

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

    6. Collect the acknowledgment slip and wait 3–5 working days for shares to get transferred.

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    How do I register for NSDL SPEED-e? Can I transfer holdings from NSDL to CDSL or vice versa using the ‘Transfer cum closure’ facility? Which Bank / DPs have enabled online closure facility at NSDL? How to place a Closure-cum-transfer request on NSDL website?
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