Online, offline procedures to move shares between demat accounts

With respect to shares held with NSDL or CDSL depositories, you can transfer shares off-market. Fill out a Delivery Instruction Slip or DIS. Other details to be filled in the form include ISIN number of the shares to be transferred, name of the company (security), demat account and DP ID of the account to which the shares are being transferred. Then you need to submit this form at the old broker’s office for further processing.

If your shareholdings are with CDSL, an online facility is available for transfer of shares using the ‘EASIEST’ platform. Transfer using Easiest services can be done only if the account of the transferee is a ‘Trusted’ account. Register on this platform via the link: https://web.cdslindia.com/myeasi/Home/Login and provide the existing demat account details. Next, a trusted account needs to be added which is basically the demat account to which the shares will be finally transferred. Upon successful addition of this account after 24 hours, one can transfer securities from the old account.

• You can add not more than four trusted accounts on the ‘EASIEST’ portal.
• This transfer of shares does not result in change of beneficial ownership or any capital gains on the transfer
  
• The broker may charge a stated fee for processing the transfer request. However, if the old account is being closed, no fee will be charged.