How to Transfer Securities to a Different Demat Account? | Espresso

Transferring Securities to a different Demat Account

Dematerialization or Demat means converting physical share certificates into electronic form. This process has made trading in securities more efficient, transparent, and secure. In India, Demat accounts are managed by depository participants (DPs) who act as intermediaries between the investors and the depositories.

Published on 05 April 2023

Sometimes, investors may need to transfer their securities from one Demat account to another. This can happen for various reasons, such as consolidation of accounts, change in DP, or a need to segregate investments. This blog will discuss transferring securities from one Demat account to another.


Step-by-Step Guide to Transfer Securities to a Different Demat Account:

The securities can be transferred to different Demat Accounts in 2 ways:

  1. Manual Transfer
  2. Online Transfer


Manual Transfer:

To manually transfer your securities to a different Demat Account, simply follow these steps:

  • Obtain the Delivery Instruction Slip (DIS) from your current DP: The DIS is a physical form that transfers securities from one Demat account to another. You can obtain this form from your current DP. The form will contain details such as your name, DP ID, client ID, and the securities to be transferred.


  • Fill up the DIS: Once you have obtained the DIS, fill it in with the required details. Fill out the form correctly to avoid any errors or delays in the transfer process.


  • Submit the DIS to Your Current DP: Once you have filled up the DIS, submit it to your current DP. The DP will verify the details and process the transfer request.


  • Wait for the Transfer to be Completed: The transfer process can take a few days to complete, depending on various factors such as the type of securities being transferred, the depository involved, and the workload of the DPs. You can track the transfer request status by contacting your current DP.


  • Confirm the Transfer With the Receiving DP: Once the transfer is completed, contact the receiving DP to confirm that the securities have been credited to your new Demat account.


Online Transfer

Digitalization has revolutionized everything around the world to ease human life. The same goes with Demat Account. Now you can open a Demat account online or transfer it online, and all you need to do is follow the simple steps given below.

Step 1 - Registration for Easiest on CDSL

  • Go to and click “Login to-New system Myeasi (BO/CM)" to register for the easiest.
  • Enter your Client ID and DP ID. The first eight digits of your Demat number are the same as your DP-ID, and the next eight are the same as your Client ID.
  • Enter the OTP received on your registered mobile number and click on Continue to proceed.
  • Fill in the necessary details and then select the account type ‘Trusted Account (PIN) to continue.
  • Enter your Trusted account details. Trusted means details of the broker to which you are transferring the shares. So here, you are required to enter your Demat account number. You can find it in the CMR copy sent to you.
  • The registration is now complete. You will receive your login credentials – Login ID, password, and PIN.

Step 2 - Login To CDSL Easiest and Transfer

  • Use the credentials received in the mail to log in to CDSL Easiest.
  • After login, click on the tab Transaction and select Setup for transferring stocks through Easiest.
  • In Transaction, Setup, select the Bulk Setup option.
  • Select the “+” icon to add the ISIN, quantity, and reason for transfer off-market details, and click submit.
  • On verification, select the option for COMMIT & enter the OTP PIN received on your registered mobile no.
  • After entering OTP, the Off-Market Transaction request will be completed from your end and needs to be authenticated by Demat Account Provider.

Now You can see your external holdings on the dashboard where you have transferred the securities.

Important Points to Remember

  • Before initiating the transfer process, ensure you have sufficient securities in your current Demat account.
  • Ensure that the details provided in the DIS and CDSL are accurate and match those in your current Demat account.
  • Submitting the transfer request well in advance is advisable to avoid any delays.
  • Keep a record of the transfer request, including the DIS number, submission date, and the name of the DPs involved.


Transfer of securities from one Demat account to another is a simple process that requires patience. By following the above steps and considering the critical points, investors can quickly transfer their securities to the Preferred Demat account. It is always advisable to consult with a financial advisor at Espresso before making investment decisions or opening a Demat account in India.



Chandresh Khona
Team Espresso

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