How to Transfer Shares From One Demat to Another

To transfer shares, you can use CDSL's Easiest or NSDL's Speed-e for online transfers. Alternatively, submit a physical DIS to them. It takes 1 to 2 days.
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How to transfer shares?
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3 mins
21-March-2026

A Demat Account holds digital securities and enables you to manage your shares and transactions from anywhere. It is essential to have a Demat Account to buy or sell shares. Interestingly, you can maintain multiple Demat Accounts and even transfer shares between them. While the transfer process is generally straightforward, it’s crucial to understand all aspects of the share transfer process and the roles of the participants involved.


Different ways to transfer shares from one Demat account to another

Step 1: Obtain and Fill the Delivery Instruction Slip (DIS)

  • Get a DIS Slip: Request a Delivery Instruction Slip (DIS) from your current broker. This slip contains necessary details for the share transfer.
  • Provide Required Information: Complete the transfer details on the DIS slip, including:
    • Beneficiary Broker ID: Enter the 16-digit unique ID of both your current and new broker.
    • International Securities Identification Number (ISIN): Accurately input the ISIN, which identifies each share in your account, along with the quantity of shares to be transferred.
    • Mode of Transfer: Choose "Off-market" for intra-depository transfers or "Inter-depository" for transactions between different depositories.

Step 2: Submit and Finalize

  • Sign and Submit: Sign the DIS and submit it to your existing broker.
  • Pay Transfer Charges: Brokers may charge a fee for the transfer, and these charges vary between brokers.

Online Transfer Method (via CDSL - EASIEST)

The Central Depository Services Limited (CDSL) offers an online transfer solution called EASIEST (Electronic Access to Securities Information and Execution of Secured Transactions). Here’s how to transfer shares from one Demat Account to another online:

  1. Register on the CDSL Website:
    • Visit the CDSL site and click on “Register Online.”
    • Select the EASIEST option.
    • Fill in the required details.
  2. Submit Your Details:
    • Send a copy of the completed form to your Depository Participant (DP).
    • The DP will forward the details to the Central Depository for verification.
  3. Obtain Login Credentials:
    • Once verified (usually within 1-2 days), you’ll receive login credentials.
  4. Log in and Transfer Shares:
    • Use the credentials to log in to your EASIEST account.
    • View the list of brokers and complete the share transfer process as needed.

Why transfer shares from one Demat account to another?

  • Reduction in brokerage charges: You may want to reduce brokerage fees by opening a Demat account with a discount broker.
  • Better services: You may want to switch from your current broker to avail yourself of benefits such as a robust trading platform with enhanced security.
  • Securities management: You may want to categorise shares based on your financial goals such as child’s marriage or retirement planning. Separating for taxation purposes can also be a reason. You can also keep separate Demat accounts for trading activities and investment portfolios.
  • Consolidation of holdings: Multiple Demat accounts with different brokers can be consolidated into a single Demat account with all the securities. This approach can help you in lowering Demat account charges for maintaining idle accounts.

There are two primary depositories in India to hold dematerialised securities in a Demat account for investors:

  • National Securities Depository Limited (NSDL)
  • Central Depository Services India Limited (CDSL)

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Participants in the transfer of shares

The primary entities engaged in facilitating the transfer include

  1. Transferor: The individual currently in possession of the shares who initiates the transfer process.
  2. Transferee: The designated recipient, either an individual or entity, slated to become the new owner of the shares.
  3. Depository Participants (DPs): These entities are duly authorised and registered with esteemed depositories like NSDL or CDSL, offering Demat account services.
  4. Depositories: NSDL and CDSL stand as the esteemed custodians responsible for the secure storage and management of securities in dematerialised form.

Find your trading charges with the equity brokerage calculator.

Things to keep in mind while transferring shares

When transferring shares between Demat accounts, there are several important considerations to keep in mind:

  1. Select a reliable DP: Ensure you choose a trustworthy and reputable Depository Participant (DP) for the new Demat account. This helps safeguard your assets and ensures a smooth transfer process.
  2. Verify details: Double-check all the essential details such as ISIN (International Securities Identification Number), DP ID, client ID, and beneficiary account numbers to avoid any errors or discrepancies during the transfer.
  3. Maintain records: Keep thorough records of the transfer deed, share certificates (if applicable), and any other relevant documents associated with the transfer. This documentation is crucial for maintaining transparency and resolving any potential disputes in the future.
  4. Track the transfer process: Stay proactive and monitor the progress of the transfer. If there are any delays or issues encountered during the process, promptly follow up with the DPs involved to address them and ensure a timely completion.
  5. Consider tax implications: Seek guidance from a tax advisor or a chartered accountant to understand the tax implications of the share transfer. It's important to comply with reporting requirements and fulfill any tax obligations associated with the transfer to avoid any penalties or legal complications.

By keeping these points in mind, you can facilitate a seamless and secure transfer of shares between Demat accounts.

Tax implication

When a shareholder transfers shares from a Demat to another held in his name, there is no tax liability, but the broker can charge a transfer fee.

If a shareholder transfers shares to another person, for example, his spouse or children, he has to provide a clear and legitimate reason for doing so. It must be supported by a gift deed to avoid tax liability. Here the capital gain taxes will be applicable.

Conclusion

In conclusion, transferring shares from one Demat account to another is a process that demands careful attention to detail and adherence to various considerations. From selecting a reliable Depository Participant to verifying crucial details and maintaining thorough records, each step plays a vital role in ensuring a smooth and secure transfer. By following these guidelines diligently, investors can navigate the share transfer process with confidence, safeguarding their assets and complying with regulatory requirements effectively.

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Disclaimer

Standard Disclaimer

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Broking services offered by Bajaj Financial Securities Limited (Bajaj Broking). Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403.

Details of Compliance Officer: Mr. Harinatha Reddy Muthumula (For Broking/DP/Research) | Email: compliance_sec@bajajbroking.in/Compliance_dp@bajajbroking.in | Contact No.: 020-4857 4486 |

This content is for educational purpose only. Securities quoted are exemplary and not recommendatory.

Research Services are offered by Bajaj Financial Securities Limited as Research Analyst under SEBI Registration No.: INH000010043.

For more disclaimer, check here: https://www.bajajbroking.in/disclaimer

Disclaimer

Standard Disclaimer

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Broking services offered by Bajaj Financial Securities Limited (Bajaj Broking). Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403.

Details of Compliance Officer: Mr. Harinatha Reddy Muthumula (For Broking/DP/Research) | Email: compliance_sec@bajajbroking.in/Compliance_dp@bajajbroking.in | Contact No.: 020-4857 4486 |

This content is for educational purpose only. Securities quoted are exemplary and not recommendatory.

Research Services are offered by Bajaj Financial Securities Limited as Research Analyst under SEBI Registration No.: INH000010043.

For more disclaimer, check here: https://www.bajajbroking.in/disclaimer

Frequently asked questions

Can I transfer stocks from one demat to another?

Yes, it is entirely possible to transfer shares from one demat account to another. This can be done either within the same depository—NSDL or CDSL—or between different ones. The transfer can be initiated through a physical Delivery Instruction Slip (DIS) or digitally using platforms such as CDSL’s Easiest or NSDL’s Speed-e services.

How to transfer shares from one Demat to another online?

To carry out an online transfer of shares between demat accounts, you’ll need to register for CDSL’s Easiest or NSDL’s Speed-e facility. This involves submitting a registration form to your Depository Participant (DP). Once your account is verified and activated, you can log in using the provided credentials and initiate the transfer process through the platform’s interface.

Can you move stocks from one broker to another without selling?

Yes, stocks can be shifted from one broker to another without having to sell them. This is referred to as an in-kind transfer or share transfer. It simply involves moving the shares from your demat account with one broker to another, without involving any market sale.

How much time does it take to transfer shares from one Demat account to another?

Typically, transferring shares between demat accounts takes around 1 to 2 working days, depending on the depository and the method used—whether online or via DIS. However, delays may occur in some cases based on verification and processing times.

Are there any charges for transfer of shares?

Off-market share transfers incur a standard fee of ₹25 per security, per transaction, plus 18% GST. For instance, transferring 10 shares of HDFC, 5 of Reliance, and 2 of Infosys in a single transaction would cost ₹75 plus GST. If the 10 HDFC shares were transferred in two separate transactions, the fee would be ₹50 plus GST.

Is transfer of shares from one Demat account to another taxable?

If you are transferring shares between your own demat accounts, there is usually no tax liability involved. However, if the shares are moved to someone else’s demat account, particularly without any payment or consideration, it may be treated as a gift and could have tax implications under the applicable income tax laws.

What documents are required for share transfer?

Buying: Delivery trades require paying the full share price. Intraday trades use margin, so you pay only a portion.

Selling: Delivery sales require shares in your Demat account. Intraday allows selling without owning the shares (sell first, buy later within the same day).

Can stocks be transferred between accounts?

Yes, stocks can be transferred between Demat accounts. This can be done even if the accounts are held with different brokers. The process can be done either manually using a Delivery Instruction Slip (DIS) or electronically through the depositories (NSDL or CDSL). It's crucial to follow the correct procedure and documentation requirements to ensure a smooth transfer. Contact your broker or depository participant for specific instructions.

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