How to Transfer Shares from One Demat to Another

Transferring shares from one demat account to another can be daunting, but it doesn’t have to be. Whether you’re looking to consolidate your investments or switch to a new broker, knowing how to transfer shares can save you time and money.

In this post, we’ll be discussing the step-by-step process of how to transfer shares from one demat to another, including the necessary documents, fees, and timelines. We’ll also cover some common mistakes to avoid during the transfer process. By the end of this post, you’ll clearly understand how to transfer shares and be able to do so with ease.

Understanding Demat Accounts

A Demat Account is an electronic account that holds securities such as shares, bonds, mutual funds, and exchange-traded funds (ETFs) in a dematerialized form. It is similar to a bank account, but instead of money, it holds securities. The account holder does not receive physical certificates of ownership, but instead, the securities are held electronically.

The Demat Account is maintained by a depository, which is a financial institution that holds securities on behalf of investors. India has two depositories: National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

To open a Demat Account, an investor must approach a Depository Participant (DP), a financial institution that acts as an intermediary between the investor and the depository. The DP is responsible for opening and maintaining the Demat Account and providing various services related to it.

Each security held in a Demat Account is identified by a unique number known as the International Securities Identification Number (ISIN). The ISIN is a 12-character alphanumeric code assigned to each security to facilitate identification and trading.

Transferring securities from one Demat Account to another can be done through a Delivery Instruction Slip (DIS) process. A DIS is a written instruction to transfer securities from one Demat Account to another. The DIS contains details such as the name of the security, the ISIN, the quantity, and the target Demat Account number.

In conclusion, a Demat Account is an essential tool for investors to hold securities in an electronic form. It is maintained by a depository and opened through a DP. The ISIN is used to identify each security held in a Demat Account, and transferring securities is done through a DIS.

Types of Demat Accounts

Two types of demat accounts are available in India: NSDL and CDSL.

NSDL

National Securities Depository Limited (NSDL) is India’s first and largest depository. It was established in 1996 and is headquartered in Mumbai. NSDL offers a wide range of services, such as dematerialization, trading, settlement, and custody of securities.

NSDL also offers a range of value-added services, such as e-voting, e-TDS, and e-Insurance. One of the key benefits of NSDL is its user-friendly interface, which makes it easy for investors to access their accounts and manage their investments.

CDSL

Central Depository Services Limited (CDSL) is another depository that was established in 1999. It is headquartered in Mumbai and is the second-largest depository in India.

CDSL offers a range of services such as dematerialization, trading, settlement, and custody of securities. It also offers value-added services such as e-voting, e-TDS, and e-Insurance.

One of the key benefits of CDSL is its robust infrastructure and security features that ensure the safety of investor’s securities. It also offers a range of innovative products and services such as e-locker, which allows investors to store their important Documents electronically.

Both NSDL and CDSL offer similar services, and investors can choose the depository that best suits their needs. It is important to note that the transfer of shares from one demat account to another can be done within the same depository or between different depositories.

Investors should carefully consider the fees and charges associated with each depository before opening an account. They should also ensure that the depository is registered with the Securities and Exchange Board of India (SEBI) and has a good reputation in the market.

The Process of Transferring Shares

Transferring shares from one Demat account to another is a complex process that involves several steps. Depending on the type of transfer, the process can be done online or offline. Here is an overview of the transfer process:

Online Transfer of Shares

The easiest and most convenient way to transfer shares is through online trading. The transfer process is simple and can be completed in a few clicks. The investor needs to log in to their Demat account and select the option for inter-depository transfer. They then need to provide the details of the shares they wish to transfer, including the ISIN, quantity, and the name of the recipient’s Demat account. Once the details are verified, the shares are transferred to the recipient’s account.

Offline Transfer of Shares

If the investor prefers an offline transfer, they can do so through an off-market transfer. The transfer process involves filling out a delivery instruction slip (DIS) provided by the broker. The slip contains mandatory fields that need to be filled out, including the beneficiary owner ID (BO ID) of both the current and recipient broker. The investor needs to submit the DIS to their broker, who will then verify the details and process the transfer.

Verification Process

In both online and offline transfers, the verification process is crucial to ensure the transfer is successful. The details provided by the investor are verified against the records of the depository participant (DP). The DP checks the investor’s account balance and confirms that the shares are available for transfer. Once the verification process is complete, the transfer is initiated.

Overall, transferring shares from one Demat account to another is a straightforward process that can be done online or offline. The investor needs to ensure that they provide accurate details and adhere to the mandatory fields on the DIS to avoid any delays in the transfer process.

Role of Brokers in Transfer of Shares

When transferring shares from one demat account to another, the role of brokers is crucial. The current broker, also known as the transferor broker or the delivering broker, plays a key role in initiating the transfer process. The new broker, also known as the transferee broker or the receiving broker, is responsible for completing the transfer process.

The transfer of shares involves several steps that are initiated by the current broker. The broker is responsible for verifying the client’s identity and ensuring that the transfer is authorized. The broker also needs to ensure that the client’s account is active and has sufficient balance to cover the transfer fees and other charges.

Once the transfer is authorized, the current broker needs to initiate the transfer process by submitting a Delivery Instruction Slip (DIS) to the depository. The DIS contains details about the shares being transferred, including the name of the security, the quantity, and the ISIN code. The broker also needs to provide details about the transferee broker, including the name, address, and DP ID.

The depository then processes the DIS and transfers the shares to the new demat account. The transferee broker is responsible for verifying the transfer and updating the client’s account with the new holdings. The broker also needs to ensure that the client’s account is active and has sufficient balance to cover the transfer fees and other charges.

In some cases, the transfer of shares may take longer than expected due to technical issues or other factors. The brokers need to keep the client informed about the status of the transfer and provide regular updates until the transfer is completed.

In conclusion, the role of brokers is critical in the transfer of shares from one demat account to another. The current broker initiates the transfer process, while the new broker completes the transfer. Both brokers need to ensure that the transfer is authorized, the client’s account is active, and there is sufficient balance to cover the transfer fees and other charges. By working together, the brokers can ensure a smooth and hassle-free transfer process for their clients.

Understanding Delivery Instruction Slip (DIS) and Debit Instruction Slip

When transferring shares from one demat account to another, a Delivery Instruction Slip (DIS) or Debit Instruction Slip is required. A DIS is used to authorize the transfer of securities from one demat account to another, while a Debit Instruction Slip is used to debit securities from a demat account.

A DIS contains information related to the share transfer, including the details of the transfer, such as the name of the transferee, the number of shares to be transferred, and the ISIN code of the shares. It is treated like a cheque and is used for off-market transfers, which means that it can be used to transfer securities between demat accounts.

To fill out a DIS, the individual needs to provide the details about the transfer, including the name of the transferee, the number of shares to be transferred, and the ISIN code of the shares. The DIS must be filled out completely and correctly, and it must be signed by the account holder.

On the other hand, a Debit Instruction Slip is used to debit securities from a demat account. It is used when the individual wants to sell the shares and transfer the proceeds to the bank account. To fill out a Debit Instruction Slip, the individual needs to provide the details of the sale, including the number of shares to be sold, the price at which they are to be sold, and the bank account details where the proceeds are to be transferred.

In conclusion, understanding the Delivery Instruction Slip (DIS) and Debit Instruction Slip is crucial when transferring shares from one demat account to another. It is important to fill out the slips completely and correctly to ensure that the transfer is successful.

Important IDs in Share Transfer

When transferring shares from one Demat account to another, it is important to have certain IDs in place to ensure a smooth transfer process. These IDs are necessary to identify the ownership of shares, the depository participant, and the depository.

Target Client ID

The Target Client ID is a unique 16-character code that identifies the client in the depository system. It is a combination of the DP ID and the client ID. This ID is used to transfer shares from one Demat account to another.

ISIN Number

The International Securities Identification Number (ISIN) is a unique 12-character code that identifies a specific security. It is assigned to each security by the depository and is used to track the ownership of shares. This number is essential in the transfer of shares from one Demat account to another.

Beneficiary Owner ID

The Beneficiary Owner ID (BO ID) is a unique identification number assigned to the account holder by the depository. It is used to identify the ownership of shares held in a Demat account. This ID is necessary when transferring shares from one Demat account to another.

It is important to ensure that these IDs are accurate and up-to-date before initiating a share transfer. Any discrepancies in these IDs can result in a delay or rejection of the transfer request. It is also advisable to double-check the IDs before initiating the transfer to avoid any errors.

In summary, the Target Client ID, ISIN Number, and Beneficiary Owner ID are important IDs that are necessary for the transfer of shares from one Demat account to another. It is crucial to ensure that these IDs are accurate and up-to-date to avoid any delays or rejections in the transfer process.

Online and Offline Process of Shares Transfer

Transferring shares from one demat account to another can be done through both online and offline modes. Here’s a brief overview of the process involved in each mode:

Online Process

The online process of transferring shares is simpler and more convenient than the offline mode. Investors can transfer shares from one demat account to another by logging in to their demat account and following the steps provided by their Depository Participant (DP).

Alternatively, investors can also transfer shares online through the Central Depository Services Limited (CDSL) or National Securities Depository Limited (NSDL) website. To transfer shares using the CDSL website, investors must register on the EASIEST platform by visiting the CDSL website and filling in their demat account details. Once registered, investors can add the account to which they want to transfer shares and wait for a waiting period of 24 hours.

Offline Process

The offline process of transferring shares requires investors to fill out a Delivery Instruction Slip (DIS) and submit it to their DP. The DIS must contain details such as the name of the account holder, demat account number, and the account to which the shares are to be transferred. The DP will then verify the details and transfer the shares to the designated account.

It’s important to note that the offline process can take longer than the online mode, as it involves physical paperwork and manual verification. Investors should also ensure that they have sufficient funds in their trading account to cover any charges associated with the transfer.

Net Banking

Apart from the above-mentioned modes, investors can also transfer shares using net banking. Most banks offer a facility to transfer shares online through their net banking portal. Investors must log in to their net banking account, select the option to transfer shares, and provide the necessary details such as the demat account number and the account to which the shares are to be transferred.

Overall, transferring shares from one demat account to another can be a simple and hassle-free process if done correctly. Investors should ensure that they follow the correct procedures and provide accurate details to avoid any delays or errors in the transfer process.

Charges and Payments Involved in Share Transfer

When transferring shares from one Demat account to another, there are some charges and payments involved. These charges may vary depending on the type of transfer, the broker, and the depository firm. Here are some of the common charges and payments involved in share transfer:

Transfer Charges

The transfer charges are the fees charged by the depository firm for transferring shares from one Demat account to another. These charges are usually fixed and depend on the number of shares being transferred. The transfer charges may also vary depending on the depository firm. For example, the transfer charges for NSDL and CDSL may differ.

Stamp Duty

Stamp duty is a tax levied on the transfer of shares. The stamp duty is usually a percentage of the transfer value of the shares being transferred. The stamp duty may also vary depending on the state in which the transfer is taking place.

Payment

Payment for the transfer of shares can be made through various modes such as online banking, cheque, or demand draft. The payment mode may depend on the broker and the depository firm.

Brokerage Charges

Brokerage charges are the fees charged by the broker for facilitating the transfer of shares. The brokerage charges may vary depending on the broker and the type of transfer.

Transfer Value

The transfer value is the value of the shares being transferred from one Demat account to another. The transfer value is calculated based on the market value of the shares on the day of transfer. The transfer value may also include other charges such as stamp duty and transfer charges.

It is important to note that the charges and payments involved in share transfer may vary depending on the type of transfer, the broker, and the depository firm. It is advisable to check with the broker and the depository firm for the exact charges and payments involved in the transfer of shares.

Implications of Transferring Shares

Transferring shares from one Demat account to another can have various implications. Here are some of the implications that one should be aware of:

Ownership of Shares

When you transfer shares from one Demat account to another, the ownership of the shares remains with you only. However, it is essential to note that the transfer can only be initiated by the Demat account holder. The shares cannot be transferred without the account holder’s consent.

Tax Implications

Transferring shares from one Demat account to another does not have any tax implications. The transfer of shares is not considered as a sale or purchase of shares; hence, there is no capital gain or loss.

Capital Gains

If the shares being transferred have been held for more than 12 months, they are considered long-term capital assets. In such a case, the cost of acquisition of the shares is indexed to the cost of inflation, and the capital gains tax is calculated accordingly. However, if the shares have been held for less than 12 months, they are considered short-term capital assets, and the capital gains tax is calculated at a flat rate of 15%.

Gift Deed

Transferring shares from one Demat account to another can also be done through a gift deed. In such a case, the transfer of shares is considered a gift, and the recipient of the shares is not required to pay any tax on the gift received. However, the donor of the shares may have to pay the gift tax, depending on the value of the shares being transferred.

Multiple Demat Accounts

If an individual has multiple Demat accounts, they can transfer shares from one account to another. However, it is essential to note that the transfer can only be initiated by the account holder of the Demat account. The shares cannot be transferred without the account holder’s consent.

In conclusion, transferring shares from one Demat account to another is a straightforward process, and it does not have any significant implications. However, it is essential to be aware of the various factors involved in the transfer of shares, such as ownership, tax implications, capital gains, gift deed, and multiple Demat accounts.

Transferring Other Securities

In addition to stocks, demat accounts can also hold other securities, such as mutual funds and futures and options (F&O) positions. The process for transferring these securities between demat accounts is similar to transferring stocks.

To transfer mutual funds from one demat account to another, the investor must first fill out a Mutual Fund Transfer Form. This form can typically be obtained from the investor’s current demat account provider. The investor must provide details such as the name of the mutual fund, the folio number, and the number of units to be transferred. Once the form is completed, it can be submitted to the new demat account provider who will then initiate the transfer process.

Transferring F&O positions between demat accounts is slightly more complex. The investor must first close out their existing position with their current broker and then open a new position with the new broker. This process involves squaring off the existing position and settling any profits or losses. The investor must then open a new position with the new broker and provide details such as the underlying asset, the strike price, and the expiry date.

It is important to note that there may be fees associated with transferring securities between demat accounts. These fees can vary depending on the type of security being transferred and the demat account providers involved. Investors should be sure to carefully review the fees associated with any transfer before initiating the process.

Overall, transferring other securities between demat accounts can be a straightforward process with the right documentation and attention to detail. As with any financial transaction, investors should be sure to review all details and fees before proceeding carefully.

Role of Stock Market in Share Transfer

The stock market plays an important role in share transfer between two demat accounts. When an investor buys or sells shares, the transaction is executed through a stock exchange, such as the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE). The stock exchange acts as an intermediary between the buyer and seller, ensuring that the transaction is completed smoothly and securely.

When an investor wishes to transfer shares from one demat account to another, he or she must initiate the transfer through the stock exchange. The transfer is executed by the depository, such as the National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL), which holds the shares in electronic form.

The transfer process involves the submission of a Delivery Instruction Slip (DIS) by the investor to the current broker. The broker then forwards the DIS to the depository, which transfers the shares to the demat account of the new broker. The transfer process usually takes around 3-5 business days to complete.

It is important to note that the stock market and the depository charge fees for share transfers. The fees vary depending on the value of the shares being transferred and the type of transfer (inter-depository or intra-depository). Investors should check with their brokers and depositories for the applicable fees before initiating a share transfer.

Overall, the stock market plays a crucial role in the transfer of shares between demat accounts. The investor must follow the proper procedures and pay the applicable fees to ensure a smooth and secure transfer.

Security Measures in Share Transfer

When transferring shares from one Demat account to another, it is important to take appropriate security measures to ensure the safety of the transaction. Here are some key security measures to keep in mind:

Use Strong Passwords

When setting up a Demat account, it is important to choose a strong password that is difficult to guess. A strong password should be at least eight characters long and include a mix of uppercase and lowercase letters, numbers, and special characters. It is also important to avoid using common words or phrases, such as “password” or “123456.”

Two-Factor Authentication

Two-factor authentication is an additional layer of security that can be used to protect your Demat account. This involves using a one-time password (OTP) that is sent to your mobile phone or email address whenever you log in to your account or initiate a transaction. This helps to prevent unauthorized access to your account, even if someone has obtained your password.

Delivery Instruction Slip (DIS)

When transferring shares from one Demat account to another, you will need to fill out a Delivery Instruction Slip (DIS) and submit it to your current broker. The DIS is a physical document that contains details about the shares being transferred, such as the name of the company, the number of shares, and the target Demat account. It is important to keep the DIS safe and secure, as it contains sensitive information that could be used to make unauthorized transfers.

Verify Details

Before initiating a share transfer, it is important to verify all the details carefully. This includes checking the name and address of the target Demat account, as well as the number of shares being transferred. Any errors or discrepancies could result in the shares being transferred to the wrong account, which could be difficult to rectify later on.

Regularly Monitor Your Account

Finally, it is important to regularly monitor your Demat account for any unauthorized transactions or suspicious activity. This includes checking your account balance and transaction history on a regular basis, as well as reviewing any alerts or notifications that you receive from your broker or depository. If you notice any unusual activity, it is important to report it to your broker or depository immediately.

Time Frame for Share Transfer

When transferring shares from one demat account to another, it is important to have a clear understanding of the time frame involved in the process. The time taken for share transfer can vary depending on several factors, such as the depository, the broker, and the mode of transfer.

Transfer Mode

The time taken for share transfer can vary depending on the mode of transfer chosen by the investor. There are two modes of transfer – manual and online. In the case of manual transfer, the investor needs to fill up a Delivery Instruction Slip (DIS) and submit it to the broker. The broker then processes the request and transfers the shares to the new demat account. This process can take anywhere from 2 to 7 business days, depending on the broker and the depository.

On the other hand, online transfer is a faster and more convenient way of transferring shares. The investor can use the CDSL EASIEST facility to transfer shares online. This process is faster and can be completed within a few hours. However, the investor needs to register on the CDSL website and obtain a user ID and password before initiating the transfer.

Depository

The time taken for share transfer can also depend on the depository chosen by the investor. The two depositories in India are Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL). The time taken for share transfer can vary depending on the depository chosen. For example, if the investor has a demat account with CDSL and wants to transfer shares to an NSDL demat account, the transfer can take longer as the two depositories need to communicate with each other to complete the transfer.

Broker

The broker chosen by the investor can also affect the time taken for share transfer. Some brokers have a faster turnaround time for share transfers than others. It is important to choose a broker who has a good reputation for timely and efficient share transfer.

In conclusion, the time taken for share transfer can vary depending on several factors, such as the transfer mode, depository, and broker. It is important for investors to have a clear understanding of the time frame involved in the process to avoid any delays or inconvenience.

Popular Platforms for Share Transfer

When it comes to transferring shares from one demat account to another, there are several popular platforms that investors can use. These platforms are designed to make the process of share transfer easy, fast, and convenient. In this section, we will take a look at some of the popular platforms for share transfer.

Zerodha

Zerodha is a popular online brokerage platform that allows investors to buy and sell shares, mutual funds, bonds, and more. The platform also allows investors to transfer shares from one demat account to another. To transfer shares through Zerodha, investors need to follow a few simple steps. They need to log in to their Zerodha account, go to the ‘Holdings’ tab, select the shares they want to transfer and enter the details of the receiving demat account. Once the details are verified, the shares will be transferred to the receiving demat account.

Angel One

Angel One is another popular online brokerage platform allowing investors to trade shares, mutual funds, and more. The platform also allows investors to transfer shares from one demat account to another. To transfer shares through Angel One, investors need to follow a few simple steps. They need to log in to their Angel One account, go to the ‘Portfolio’ tab, select the shares they want to transfer and enter the details of the receiving demat account. Once the details are verified, the shares will be transferred to the receiving demat account.

CDSL EASIEST

CDSL EASIEST is a popular online platform that allows investors to transfer shares from one demat account to another. The platform is operated by Central Depository Services Limited (CDSL) and allows investors to transfer shares in a few simple steps. To transfer shares through CDSL EASIEST, investors need to log in to their demat account, select the shares they want to transfer and enter the details of the receiving demat account. Once the details are verified, the shares will be transferred to the receiving demat account.

In conclusion, these are some of the popular platforms for share transfer that investors can use. Each platform has its own unique features and benefits, so investors should choose the one that best suits their needs.

Role of Financial Advisor in Share Transfer

When it comes to transferring shares from one Demat account to another, investors may seek the help of a financial advisor to ensure a smooth and hassle-free transfer. A financial advisor can provide valuable guidance and assistance throughout the transfer process, helping investors make informed decisions and avoid potential pitfalls.

One of the primary roles of a financial advisor in share transfer is to help investors understand the transfer process and the requirements involved. They can guide investors on the necessary paperwork, forms, and documentation needed for the transfer. They can also help investors understand the different transfer methods available and assist them in choosing the most appropriate method based on their specific needs and preferences.

A financial advisor can also help investors assess the risks and benefits of transferring shares from one Demat account to another. They can provide expert advice on the tax implications of the transfer and help investors understand the impact of the transfer on their investment portfolio. They can also help investors evaluate the reliability and credibility of the new broker or depository firm where the shares will be transferred.

In addition, a financial advisor can provide ongoing support and assistance to investors even after the share transfer is complete. They can help investors monitor their investment portfolio and provide guidance on how to rebalance their portfolio if needed. They can also provide advice on how to maximize returns on their investments and minimize risks.

Overall, a financial advisor can play a critical role in ensuring a smooth and successful share transfer from one Demat account to another. They can provide valuable guidance and assistance throughout the transfer process and help investors make informed decisions that align with their investment goals and objectives.

Understanding Shareholders

When an investor buys shares of a company, they become a shareholder of that company. Shareholders are individuals or entities that own a portion of a company’s stock. They have a stake in the company’s ownership and are entitled to a portion of the company’s profits, known as dividends.

Shareholders can be classified into two types: individual shareholders and institutional shareholders. Individual shareholders are individuals who own shares in a company, while institutional shareholders are entities such as mutual funds, pension funds, or insurance companies that invest in shares.

Shareholders have the power to influence the company’s decisions through voting rights. They can vote on issues such as electing the board of directors, approving mergers and acquisitions, and making changes to the company’s bylaws. The number of votes a shareholder has is proportional to the number of shares they own.

In the case of transferring shares from one demat account to another, shareholders must follow certain procedures. They must obtain a Delivery Instruction Slip (DIS) from their current broker and submit it to the new broker. The DIS contains information such as the name of the shareholder, the number of shares to be transferred, and the name of the receiving depository participant.

It is important for shareholders to keep their demat accounts up to date and to ensure that their shares are transferred correctly. This can help prevent any potential losses or legal issues that may arise from incorrect transfers.

Overall, understanding the role of shareholders in a company and the procedures for transferring shares is crucial for investors who wish to manage their investments effectively.

Understanding Securities Information

Before transferring shares from one demat account to another, it is important to understand some basic concepts related to securities information. Here are a few key terms to know:

Stocks: A type of security that represents ownership in a company. When you buy a stock, you become a shareholder in that company.
Demat Account: A demat account is an electronic account that holds your securities in a dematerialized form. It is similar to a bank account, but instead of money, it holds your shares, bonds, and other securities.
ISIN: The International Securities Identification Number (ISIN) is a unique identifier for securities such as stocks, bonds, and options. It is a 12-character alphanumeric code that helps to identify a specific security.
Depository: A depository is an organization that holds securities in electronic form. In India, there are two depositories: the National Securities Depository Limited (NSDL) and the Central Depository Services Limited (CDSL).
Beneficiary Owner ID (BO ID): A 16-digit ID number assigned to every demat account holder. It is used to identify the account holder and is required when transferring shares.

When transferring shares from one demat account to another, it is important to ensure that the securities information matches exactly. This includes the name of the security, the number of shares, and the ISIN. Any discrepancies can lead to delays or even rejection of the transfer request.

It is also important to note that the transfer of shares involves two brokers – the sending broker and the receiving broker. The sending broker is the one from which the shares are being transferred, while the receiving broker is the one that will hold the shares after the transfer is complete. When initiating a transfer, the investor must provide the BO ID of both brokers in the Delivery Instruction Slip (DIS).

In summary, understanding securities information is crucial when transferring shares between demat accounts. Investors should ensure that all details match exactly and provide the BO ID of both brokers in the DIS.

FAQ How to Transfer Shares from One Demat to Another

How to transfer shares from one demat account to another online?

To transfer shares from one demat account to another online, one needs to register on the website of the depository participant (DP) where the demat account is held. After logging in, one can select the option to transfer shares from the account and enter the details of the target demat account. The transfer can be initiated by submitting an online request.

Can I transfer all shares from one demat account to another?

Yes, it is possible to transfer all shares from one demat account to another. However, it is important to ensure that the target demat account is active and has sufficient space to accommodate the transferred shares.

What is the easiest way to transfer shares from one demat account to another?

The easiest way to transfer shares from one demat account to another is through the Electronic Access to Securities Information and Execution System (EASIEST) provided by the Central Depository Services Limited (CDSL). This system allows for the transfer of shares from one demat account to another online, without the need for any physical documents or signatures.

How much charges for transfer of shares from one demat to another?

The charges for transferring shares from one demat account to another vary depending on the depository participant (DP) where the demat account is held. Generally, there is a fee charged for each transfer request, along with any applicable taxes and other charges.

What are the charges for transfer of shares from one demat to another?

Is it possible to transfer shares from one demat account to another without a broker?

Yes, it is possible to transfer shares from one demat account to another without a broker. However, it is important to ensure that both demat accounts are active and registered with the same depository participant (DP). The transfer can be initiated by submitting a delivery instruction slip (DIS) to the DP.