How to Transfer Shares From Another Demat Account to Kotak Securities?
You can transfer shares from another Demat account to Kotak Securities using the steps listed below.
Steps to Transfer Shares From Another Demat Account to Kotak Securities
| Steps | Description |
| 1 | Get the Delivery Instruction Slip (DIS). |
| 2 | The broker will forward the DIS form to the Depository. |
| 3 | The Depository will transfer your current shares to the Demat account. |
How Do I Transfer Shares From Another Demat Account to Kotak Securities?
Step 1: First, you must get the Delivery Instruction Slip (DIS) from your current broker. If your current broker is Kotak Securities, you can get it on the Kotak Neo App. Simply follow this method: Go to your profile – Additional services – Services and support – Raise a service request – Raise a DIS request.
You need to fill out the Delivery Instruction Slip (DIS) and submit it to your current broker. To fill the DIS with Kotak Securities, follow this guide:
- You need to select the appropriate box for Market Trade, off-market Trades, or Interdepository Transfer (i.e., NSDL to CDSL or vice versa).
- Then, accordingly, fill target account details. CM BP ID, CM Name, Market Type and Settlement Number for Market Trades.
- For Off-Market trades, fill out the Target DP ID, Target Client ID, and Target DP name and provide the appropriate reason code, reason/ purpose, and consideration (if applicable).
- For Interdepository Transfer, please provide off-market details, i.e., reason code, reason/purpose, and consideration (if applicable) OR settlement details in addition to Target DP ID, Target Client ID, and Target DP name.
- You need to specify the security ISIN to be transferred. Confirm this with your transaction statement. A maximum of 4 ISINs can be transferred per DIS. Use multiple DIS if you wish to transfer more than 4 ISINs.
- You will have to specify the name of the security to be transferred and its quantity in figures and words.
- Finally, the account holder’s signature has to be affixed as per the signature recorded in the Kotak Securities Demat account.
You need to submit the completed DIS form at a Kotak Securities branch. DIS scans won’t be used for execution. As soon as the DIS is executed, we will fill in the instruction reference number and execution date.
Step 2: The broker will forward the DIS form to the Depository.
Step 3: The Depository will transfer your current shares to the Demat account.
Step 4: Once the transfer is completed, your transferred shares will appear in your new Demat account.