How to Transfer Shares from One Demat Account to Another?

How to Transfer Shares from One Demat Account to Another?

Are you someone who has multiple Demat accounts?

Are you tired of keeping track of each of them?

Do you have to manually maintain reports on how many returns you earn?

If your answer to these questions is a YES, then this article will help you find a solution by exploring the process of transferring shares from one Demat account to another. Let’s begin.

Offline Process of Transferring Shares Depending on the broker you are associated with, your shares will be held with depositories like NSDL or CDSL. Now, to start with the offline transfer process, you must first fill out the Delivery Instruction Slip called the DIS form.

In this form, fill in a few details like: ISIN number of the shares which are to be transferred Name of the share DP ID of the account in which the shares are being transferred

And a few other details and hand the form to the broker’s office for further processing.

The broker will initiate the transfer request to the depository on your behalf and charge a nominal fee.

Online Process of Transferring Shares This process is a lot simpler. If your shares are held with CDSL, then they have a platform named ‘Easiest’. Well, the name clearly expresses how the process would be!

So, start with registering on Easiest’s website by providing your account details.

Now, there are two ways you can transfer shares.

Situation 1: If you and the receiver both have their shares held with CDSL, in this case, you can add the receiver’s account, which is also known as a ‘trusted account’, to your Easiest platform. Once the account is successfully added, you can transfer shares from one Demat account to another. Read more about How to Transfer Shares from One Demat Account to Another