How to Transfer Shares From Another Demat Account to India Infoline?

You can transfer shares from another demat account to India infoline with the help of the following process.

Online Transfer 

Step 1: Access the CDSL website at www.cdslindia.com.

Step 2: Click on the ‘Register Online’ option.

Step 3: Choose the EASIEST option from the menu (Electronic Access to Securities Information and Execution of a Secured Transaction).

Step 4: Fill in the required information in the form, including DP ID, BO ID (Beneficial Owner), email, phone number, etc.

Step 5: Receive a one-time password (OTP) on the registered cellphone number and enter it in the provided box.

Step 6: The registration will be completed within 24 to 48 hours upon validation of the cell phone number, allowing the account holder to transfer shares between Demat accounts online.

Step 7: After the DP successfully undergoes the form verification process, a password will be sent to your email address.

Step 8: Account holder can access and initiate share transfers by using the provided password.

The above mentioned steps helps to streamline the online share transfer process and ensures a secure and efficient transfer of shares from one Demat account to another.

Manual Transfer

Manual transfer involves the completion of physical forms to facilitate the movement of shares between two Demat accounts. If the Demat accounts are within the same depository, the shares do not enter the market circulation, termed as off-market or Intra-depository transfer. In the case of accounts residing in different depositories, it is referred to as an Inter-depository transfer. The following steps are necessary for an account holder to carry out such transfers:

Step 1: Obtain a Debit Instruction Slip (DIS booklet) from the depository participant (DP), which is the brokerage firm associated with your Demat account.

Step 2: Specify the names and ISIN numbers (International Securities Identification Number – a 12-digit code validating financial securities’ identity) of the equities, debts, stocks, etc., to be transferred from one account to another.

Step 3: Input the Target Client ID, a 16-character code amalgamating the client’s ID with the DP’s ID.

Step 4:  Choose the mode of transfer based on the registration of DPs: opt for Intra-Depository and Off-market transfer if both DPs are registered with the same depository, and select Inter-Depository transfer if the DPs involved are registered with different depositories.
Step 5: Submit the completed DIS form to your existing broker and ensure to obtain an acknowledgement receipt from the broker for the transaction.