How to Register for CDSL Easiest Account: A Detailed Guide
Many investors and traders have multiple demat accounts, thanks to the amazing benefits and host of discounts offered by stockbrokers.
Published on 06 February 2023
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However, this means that the shareholding has been divided into different apps, which have robbed them of the chance to view everything on an integrated platform and keep a check on their earnings through investment. But, this can be easily solved if you transfer your shares from one demat account to another online.
For this, investors will have to undertake CDSL Easiest registration. CDSL Easiest has been launched by the Central Depository Services Limited, which helps you access your demat account details easily from anywhere by making use of the CDSL website. Once you complete the CDSL Easiest registration process, you are given a login id and a password which you can use at the time of logging in.
Let us get into the details of what is CDSL Easiest and how to register for CDSL Easiest.
What is CDSL Easiest?
The full form of EASIEST is Electronic Access to Securities Information and Execution of Secured Transaction. Each time you initiate a buy or sell transaction for your shares, there are a number of intermediaries that the transaction has to go through. The first one is your DP(Depository Participant), who is also your broker, and also to the stock exchange like BSE or NSE.
Since the beginning of online trading with the help of Demat accounts, central depositories have also become a part of the process. The centralised depository keeps track of the ownership of the shares in a dematerialised setting. In India, the two main centralised depositories are NSDL and CDSL. Although a sell or buy transaction might be visible to you on your screen, the process of clearing takes about T+2 days. T refers to the day on which you initiated the transaction.
After you initiate the transaction, the following steps take place:
First, the transfer of shares takes place to the account of your DP.
Then, the clearance of funds happens from your bank account.
Finally, the transfer of shares to your Demat account takes place.
Sometimes, it happens that the transfer of shares to your Demat account does not take place, and the shares are kept in the pool of your DP. This means that although you have already paid for these shares, these are still not owned by you. This is where the CDSL Easiest can come to your rescue. It will help you keep a check on your Demat account details to ascertain if the trades that have been executed by you are showcasing your ownership or not. Also, with the CDSL Easiest, you can transfer your shares from one Demat account to another easily.
How to Register to CDSL EASIEST?
Right before you begin the CDSL EASIEST registration work, you need to keep all the following information beside you:
CM [Clearing Member] ID, which is your broker’s ID or 8-digit DP or Depository Participant ID.
Your 8-digiT BO [Beneficial Owner] ID
When you have all the above-mentioned information, you can now begin the registration work for CDSL EASIEST. These are the steps you should follow:
Visit the CDSL website, go to the “Register Online” section and then choose “EASIEST” from the option list.
You have to enter the DP [Depository Participant] ID and the BO [Beneficial Ownership] ID. You also need to provide your Email ID and contact number. After that, you will get an OTP [One Time Password] on the registered number.
Provide the OTP that you got, and then verify your contact number.
After that, when you provide all your account details, the portal will ask you to select a type of account. You can choose between Account of Choice Transfer and Trusted Account Transfer.
If you chose the “trusted account transfer,” you must provide your BO number of the account.
The next option you can go for is “Group.” This will be perfect for you if you CDSL registered accounts with various other brokers.
After you press the “Submit” button, your CDSL EASIEST registration work will be complete.
What are the Benefits of CDSL EASIEST Registration?
Under this section, you will learn about the benefits of CDSL EASIEST registration. Let us check them out:
It will enable you to view all the statements of your existing holdings. You will get to see the monetary statements of all the transactors of the Demat accounts for the previous 365 days. You are free to print or download the details.
When you have many Demat accounts, the CDSL EASIEST registration will enable you to view all the statements of all the Demat accounts. You just have to log in from the CSDL website.
By using the CSDL EASIEST registration process, you can transfer all the security to the other Demat accounts.
You can view all the joined account statements, and you can easily print all your holding statements according to your holding valuation.
You don’t have to offer an instruction slip to the depository participant for the debt transactions.
One Last Thought
The CDSL EASIEST registration work is ideal for all those individuals who have a Demat account. The registration procedure is pretty simple and will also not take much time to complete. Be sure to follow all the instructions properly and gather all the documents before doing the registration work.
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The stock market has witnessed a fascinating evolution. From close to a hundred years of traders ardently shouting on the trading floors to buy and sell shares, the capital market has become more accessible to investors with the introduction of a demat account in India.
Whether it is to hold, buy, or sell shares in the capital market, an investor needs to open a Demat account and a trading account with their chosen depository participant (DP). A Demat account allows investors to hold their shares and securities. For trading in India, however, an investor needs to open a trading account first. Before they begin trading in India, every investor needs to acquaint themselves with the different types of trading accounts and the types of Demat accounts that are catered to address the varied demands of the investors.
In India, a Demat account can be opened with a depository participant (DP). The National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) are the two depositories in India that offer depository services to market participants. These depositories have multiple depository participants that offer Demat accounts to people.
The stock market has witnessed a fascinating evolution. From close to a hundred years of traders ardently shouting on the trading floors to buy and sell shares, the capital market has become more accessible to investors with the introduction of a demat account in India.
Whether it is to hold, buy, or sell shares in the capital market, an investor needs to open a Demat account and a trading account with their chosen depository participant (DP). A Demat account allows investors to hold their shares and securities. For trading in India, however, an investor needs to open a trading account first. Before they begin trading in India, every investor needs to acquaint themselves with the different types of trading accounts and the types of Demat accounts that are catered to address the varied demands of the investors.
In India, a Demat account can be opened with a depository participant (DP). The National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) are the two depositories in India that offer depository services to market participants. These depositories have multiple depository participants that offer Demat accounts to people.
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Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.
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Order Forms:
The Web Site uses an order form for customers to request information, products and services. The Web Site collects visitors' contact information (like their mobile number or e-mail address), unique identifiers (like their PAN number) financial information (like their account or credit card numbers) and demographic information (like their pin code, age or income level). Contact information from the order form is used to send orders, information about Sharekhan Comtrade Private Limited, and promotional material from some of Sharekhan Comtrade Private Limited's partners to the visitors of the Web Site. The visitor's contact information is also used to get in touch with the visitor when necessary. Financial information that is collected is used to check the users' qualifications and bill the user for products and services. Unique identifiers (such as PAN numbers) are collected from Web Site visitors to verify the user's identity.
Surveys and Contests:
The Web Site's online surveys ask visitors for contact information (like their mobile number or e-mail address) and demographic information (like their pin code, gender, age or income level). The Web Site uses contact data from its surveys to send the user information about Sharekhan Comtrade Private Limited and promotional material from some of Sharekhan Ltd.'s partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below. Demographic and profile data is also collected at the Web Site. The Web Site use this data to tailor its visitor's experience at the Web Site, showing them content that it thinks they might be interested in, and displaying the content according to their preferences. This information is shared with advertisers on an aggregate basis.
Sharekhan Comtrade Private Ltd run contests on the Web Site in which we ask visitors for contact information (like their e-mail address). Sharekhan Comtrade Private Limited uses contact data from its contests to send users information about Sharekhan Comtrade Private Ltd. and promotional material from some of our partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below.
Third-Party Advertisement Servers:
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Supplemental Information :
The Web Site supplements the information that you provide with information that is received from third parties.
The Web Site DOES NOT entice by the prospect of a special game, prize or other activity, to divulge more information than is needed to participate in the activity.
Further to the above, in light of the recently notified Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011. (Hereinafter referred to as the Rules)
The following shall be deemed to be sensitive information :
Password;
Financial information such as Bank account or credit card or debit card or other payment instrument details;
Physical, physiological and mental health condition;
Sexual orientation;
Medical records and history;
Biometric information;
Any detail relating to the above clauses as provided to body corporate for providing service; and
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provided that, any information that is freely available or accessible in public domain or furnished under the Right to Information Act, 2005 or any other law for the time being in force shall not be regarded as sensitive personal data or information for the purposes of Rules.
Collection of Information:
Compliance with KYC guidelines as per SEBI / Exchanges / Or any other Act, law or regulation requiring the same and any internal KYC guidelines formulated by Sharekhan Comtrade Private Limited.
In order to provide enhanced trading experience to the client.
In order to provide any further information to be provided to regulators.
Such information may be collected in a manner that the client is always aware of the collection and purported usage of the same. The client shall have an option to withdraw consent to share the information. However such intimation shall be required in writing. Such intimation shall only be taken into account from the date on which the same is received. Sharekhan Comtrade Private Limited may choose to stop services to such a client in case such intimation is received. Such information shall only be used for the purpose it is collected.
Clients would be allowed an option not to disclose any information to be collected, provided the same is in compliance with regulatory requirements.
Disclosure of information:
Disclosure of sensitive information would be as per the terms agreed by the clients. For any change in such terms, the clients would be informed.
Provided no consent may be required in case the same is being shared as per compliance guidelines or as required by regulators.
Any information being disclosed to third parties would be in accordance with the Rules and would be done provided such third party has the same level of compliance guidelines as Sharekhan Comtrade Private Limited.
Sharekhan Comtrade Private Limited shall allow clients to review their personal information and the same shall be allowed to be edited provided exchange guidelines relevant to the same are followed.
Sharekhan Comtrade Private Limited shall maintain reasonable security practices and procedures and maintain a comprehensive documented information security programme. In the event of an information security breach, Sharekhan Comtrade Private Limited or a person on its behalf shall be required to demonstrate as and when called upon to do so by the agency mandated under the law, that there have implemented security control measures as per their documented information security programme and information security policies and information security policies that contain managerial, technical, operational and physical security control measures that are commensurate with the information assets being protected with the nature of business.
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Download Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don't's) in Vernacular Language :
Note: "This document is a translated version of the client registration documents in English and is being provided in vernacular language to facilitate better understanding by the investors. In case of any ambiguity, the contents of the English version would prevail."
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