With depositories like NSDL and CDSL, you can transfer shares either online or offline. For offline transfer, you will need Delivery Instruction Slip (DIS).
Share Transfer From Demat Account: It is necessary to have a Demat account for trading in the stock market. You can open online trading and demat account. Sometimes investors open more than one demat account. This makes it difficult to keep track of these accounts separately. A single demat account helps investors to view all their shares at once. It also shows the complete picture of returns from such investments at one place.
If you also have multiple demat accounts, then you can transfer shares from one demat account to another demat account. By doing this you can keep track of your investments and returns from a single account. Transfer of shares can be done from one demat account to another and it is very easy.
What is the process
With depositories like NSDL and CDSL, you can transfer shares either online or offline. For offline transfer, you will need Delivery Instruction Slip (DIS). The ISIN number of the shares to be transferred in the DIS, the name of the company and the demat account where they are being transferred and its DP ID have to be entered. Now this form has to be submitted in the old broker office.
Share transfer online process
If the shares are with CDSL then the shares can be transferred online. The name of this system is ‘Easiest’ platform. For this you have to register using the official website web.cdslindia.com/myeasi/Home/Login link. The demat account has to be linked to the demat account in which the shares are to be transferred. Once the account is linked, after 24 hours you can transfer your stocks from the old demat account to the new one.
How to open demat account
It is mandatory to open them for investing in shares. You can open online trading and demat account. For this, PAN, bank account, identity and address proof are required. Demat account can be opened by visiting the website of any broker. For this you have to fill a form. In this form, you have to fill name, address, PAN and details of that bank account.
Along with the form, you need to upload the scanned copy of Aadhar card, PAN card and canceled cheque. Along with these documents, a scanned signature is also required along with your photograph.
