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    Settlement Of Sell Transactions

    How can NRIs sell Bonus Shares, Rights Entitlement, Non-PINS shares transferred from another broker to PINS demat account? How to transfer share from PINS to Non-PINS account?

    To ensure a smooth management of your investments, we'd like to remind you of the simple process for transferring shares from your PINS demat account to a Non-PINS account.

    Eligible Share Types for Transfer:
    • Bonus Shares
    • Rights Entitlement
    • Non-PINS shares transferred from another broker to PINS

    Here’s how you can transfer your shares from PINS to Non-PINS:

    Step-by-Step Process
    Step 1: Add Beneficiary through NSDL SPEED-e
    1. Download the NSDL SPEED-e App
    o Available on the Play Store.
    2. Register or Log in
    o For new users: Choose “New User Registration.”
    o For existing users: Log in with your credentials.
    3. Add Non-PINS Beneficiary
    o Go to “Off Market Transactions” in the menu.
    o Select “Add Beneficiary.”
    o Enter the details of your Non-PINS Demat account.
    o Confirm via OTP sent to your email.
    4. Confirmation
    o You will receive a notification once your beneficiary is successfully added.

    Step 2: Place Transfer Request from PINS to Non-PINS
    1. Log in to your ICICI Direct account.
    2. Select your PINS account.
    3. Go to Demat Holdings and click on “Transfer to Non-PINS.”
    4. Select the Non-PINS account and enter the quantity of shares you wish to transfer.
    5. Tick the “Portfolio Adjustment” box and click Submit.

    Step 3: OTP Authentication
    1. After submitting the transfer request, you’ll see a “success” status on your screen.
    2. You’ll receive an email from the depository with a link to confirm your transfer request.
    3. Confirm the transfer via OTP, or alternatively, visit NSDL Services and select “Accept Off Market Transfer Request.” Input your PAN or DPID/Client ID to confirm.

    Important:
    • Ensure OTP validation is completed on the same day or the next working day (if it’s a weekend or holiday).
    • The holding pattern of both demat accounts must match.
    • Ensure your email ID is updated in your demat account for OTP/confirmation emails.

    Key Points to Remember:
    • Transfer instructions are processed at periodic intervals.
    • Transfers requested after 4:00 PM IST will be processed the following day.
    • If the transfer request isn’t confirmed, it will expire, and you will need to initiate a new request.

    Transfer initiated but shares not transferred to non-PINS account I have bought some shares but they still have not come to Demat account. Can I sell them? What is a short delivery? What is an auction? Can I utilize the Cash Withheld Amount during the day? When will the Cash Withheld amount be released to my trading limits? Where can NRI customer find TDS deduction details? What is the path to download TDS certificate? What is the TDS computation statement download path? I have sold some shares but the payment has not come into my bank account NRI client has sold shares, however not received the entire amount. Why was less amount credited to customer's account? Do we provide capital gain statement to NRI customers? What are other ways to add beneficiary account for pins to non-pins shares transfer? NRI client has dematerialized his physical shares with us. What is needed for TDS calculation? NRI TDS calculation process