Wealth

How To Transfer Shares From One Demat Account to Another?

1. what are the disadvantages of having multiple demat accounts?

With the passage of time, investors often open multiple demat accounts. this makes it difficult to keep a separate eye on these accounts. bringing all the shareholdings into one demat account helps investors see all their shares together. it also shows the whole picture of the returns from such investments in one place. did you know that shares can be transferred from one demat account to another? it’s extremely easy. we’re talking about

2. What is an offline process?

In case of shares with depositories like nsdl or cdsl, the offline process of transfer of shares through off-market transfer is possible. for this, you will need to fill in the delivery instruction slip i.e. dis. in this form, the isin number of the shares to be transferred, the name of the company and the demat account where they are being transferred and its dp id will have to be entered. then this form will have to be submitted to the old broker’s office for further processing.

3. What is the online process?

If the shares are with CDSL then there is an online facility to transfer the shares. Its name is ‘Easiest’ platform. For this you have to register using the link https://web.cdslindia.com/myeasi/Home/Login. The demat account to which the shares are to be transferred has to be linked. Once the account is successfully linked, you can transfer securities from the old demat account to the new one after 24 hours.

4. What are the things to keep in mind?

Transfer of shares does not change ownership. Nor is there a case of capital gains on transfer.

Broker may charge fees for processing transfer requests. However, no fee may be charged if the old account is closed.

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