Skip to content
Shoonya Blog

Shoonya Blog

Cutting-edge finance blogs & market updates

  • Category
    • News
    • Online Trading
    • Mutual Funds
    • IPO
    • Stock Market
    • Demat
    • Personal Finance
    • Tax
    • Equity
    • Futures
    • Options
    • Commodities
    • Currencies
    • Derivatives
    • Bonds
    • Portfolio Management
    • ETF
    • SENSEX
    • Nifty
  • Open an account
Transferring Shares from CDSL to NSDL
by: Rohan RawatPosted on: January 30, 2023October 5, 2023

Transferring Shares from CDSL to NSDL

  • Facebook
  • Twitter
  • Linkedin
  • Telegram
  • Whatsapp
  • Gmail
  • Copy

It is possible to open multiple Demat accounts for various purposes, including broker comparisons and strategy testing. Therefore, if you have multiple Demat accounts, you must know how to transfer shares between them. Let us understand further about transferring shares. 

Transferring shares from one Demat account to another

A transfer of shares from one Demat account to another Demat account is possible. It makes it easier to consolidate shares, giving a shareholder easy access to seeing all of his shares at once.

Why should you transfer shares?

Possible reasons for transferring shares from one Demat to another include:

  • To streamline management by consolidating all shares under one organisation.
  • The investor wants to switch out the present depository participant for a new one that provides better returns at a cheaper cost.
  • Unfavourable results with the prior broker
  • If you want to change from a bargain broker to a full-service broker.

You can visit Shoonya, the best website to invest in the stock market with the best felicitating facilities. 

Inter-Depository Transfer

An inter-depository transfer is when securities are moved from one depository’s account to another. An inter-depository transfer is quite similar to bank transfers. Here are a few things that you should keep in mind while going for Inter Depository transfers: 

  • Only securities that are eligible for dematerialisation on both depositories are acceptable for use.
  • The NSDL account is a beneficiary account or a clearing account.
  • The clearing member/beneficial owner must submit the “Inter-depository delivery instruction” form to its DP to debit the clearing account or the beneficial account with NSDL.
  • The standing instruction provided for automatically crediting the account is effective for crediting the clearing or beneficial accounts. 
  • The clearing member/beneficial owner must submit the “Inter-Depository Receipt Instruction” form to its DP if the standing instructions are not provided.
  • Since both depositories are interconnected, batches for inter-depository transfers are currently transferred every working day.
  • Inter Depository Transfer delivery/receipt instructions must be verified and released by DPs by 6 p.m. on weekdays and 2.30 p.m. on Saturdays.
  • Both depositories notify the Issuer/Registrar & Transfer Agent of the transfer, and the Issuer/Registrar & Transfer Agent updates its records.
  • This facility does not permit the transfer of government securities between depository institutions.

Can you transfer shares from CDSL to NSDL?

Yes, you can transfer the shares from CDSL to NSDL using the CDSL Easiest service or manually submitting a physical Delivery Instruction Slip.

A digital signature certificate that costs Rs. 2,250 + taxes is necessary for the inter-depository transfer utilising CDSL Easiest. However, for intra-depository transfers, CDSL’s Easiest facility is practical. As a result, transferring the shares via offline means is recommended while doing a one-time transfer from CDSL to NSDL.

How to transfer shares from CDSL to NSDL?

Follow the given steps to transfer shares from CDSL to NSDL 

  • Fill out the Depository Information Slip (DIS) using the current booklet or get one from the broker/DP.
  • Make sure to choose Inter-depository transfer.
  • Select Off-market as the market type.
  • Enter the beneficiary’s Client ID and DP ID.
  • Enter the required information for the transferable stock, including the ISIN, Security name, and Quantity.
  • Sign the DIS.
  • Send the DIS to your depository participant or broker.

Within 2 to 5 business days, the DP or broker will finalise the transfer.

Conclusion 

Through this blog’s columns, you must know that you can move shares between CDSL and NSDL Demat accounts. However, you must select “Inter-Depository” as the transfer mechanism when transferring shares across depository locations.

It should be noted that the securities you are transferring must be dematerialized on both depositories.

Related posts:

Power of Demat Account with Zero Brokerage: Your Path to Smarter Investments
How Zero Brokerage Demat Accounts Are A Game-Changer for Indian Traders 
Demat Account Openings Soar to 18-Month High in July; Total Count Reaches 12.35 Crore
How Many Demat Accounts Can I Open?
Demat

Post navigation

Previous PostPrevious Applying for a Lower Price Band using ASBA Payment Method
Next PostNext Can I Trade without a Power of Attorney?

Recent Posts

  • Make Smart Savings Choices: Discover 10 Best Banks for Your Savings Account in 2023!
  • Debt Funds: A Comprehensive Guide to Types, Risks, and Basket Bonds
  • Understanding the New vs Old Tax Regime: A Comprehensive Guide
  • Doms Industries IPO: Set to Launch on December 13 for Rs 1,200 Crore Fundraising
  • Understanding the New Discard ITR Option: Latest on Income Tax Portal
Logo

+91-172-474-0000
+91-172-675-0000

[email protected]
[email protected]

Products

  • Trading
  • Mutual Fund
  • Clearing Services

Investor Type

  • Retail
  • NRIs
  • FPIs
  • HNIs

Tools

  • Shoonya Trading Platform
  • APIs
  • Calculator
  • Downloads
  • Fund Transfer
  • Refer & Rewards

Company

  • About
  • Contact Us
  • News & Announcements
  • FAQs
  • Blog

Follow us on

  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • Linkedin
  • Telegram
  • Reddit

Finvasia Securities Private Limited: NSE Clearing Member: M51912, NSE Member Code: 14846, BSE Member Code: 4043, MCX Member ID: 55135, NCDEX Member ID: 01259,

SEBI Reg: INZ000176037 (Cash, F&O, CDS, Commodity), AMFI ARN: 103331, CDSL DP ID: 12084300, SEBI Regn : IN-DP-317-2017

Attention Investors: "Prevent unauthorized transactions in your account --> Update your mobile numbers/email IDs with your stock brokers and Depository Participant. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors" KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc. ), you need not undergo the same process again when you approach another intermediary.

"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

For NSE : Please click the link to download Rights and Obligation, RDD, Guidance Note in Vernacular Language

For MCX : Please click the link to download Rights and Obligation, RDD, Guidance Note in Vernacular Language

Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances

Disclaimer :- "Reserve Bank of India neither accepts any responsibility nor guarantees the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for discharge of any liability by the company."

"Neither there is any provision in law to keep, nor does the company keep any part of the deposits with the Reserve Bank of India and by issuing a certificate of Registration to the company, the Reserve Bank of India , neither accepts any responsibility nor guarantees the payment of deposits to any depositor or any person who has lent any sum to the company."

  • Privacy Policy
  • Policies & Procedures
  • Conflicts of interest
  • Risk Disclosures

© shoonya.com. All Rights Reserved