How to Transfer Shares From Another Demat Account to SBI Securities?

You can transfer shares from another Demat account to SBI Securities by following these simple steps:

Steps to Transfer Shares from Another Demat Account to SBI Securities

How Do I Transfer Shares from Another Demat account to SBI Securities?

Method 1:

Step 1 –  First, enter the relevant information in the Delivery Instruction Slip (DIS) and submit it to the current broker.

Step 2 – Then, the broker forwards the DIS form or request to the depository.

Step 3 – Further, the Depository will transfer your existing shares to the Demat account.

All of the shares will be reflected in the investor’s new Demat account after the transfer is complete. 

Method 2:

A. You can use the SPEED-e facility for NSDL or the EASIEST (Electronic Access To Securities Information and Execution of Secured Transaction) facility for CDSL.

B. DDPI is also an option

1. Securities held by a client in their beneficial owner account are transferred to the same stock broker to fulfil stock exchange-related deliveries/settlement obligations arising from trades executed on the Stock Exchange.
2. Securities pledged or re-pledged in favour of trading members (TM) or clearing members (CM) to meet the margin requirements of clients for trades executed on the stock exchange.
3. On order entry platforms of the Stock Exchange, mutual fund transactions are executed.
4. Stock exchange platforms are used to tender shares in open offers.

By following any of the above-given methods, you can transfer shares from another Demat account to SBI Securities easily.