How to Transfer Share using CDSL Easily

How to Transfer Share using CDSL Easily

Before beginning the CDSL EASIEST registration process, you need to keep the following details in hand.

You should keep the following details in your hand before beginning the CDSL Easiest registration process:

  • 8-digit depository participant (DP) ID  or CM ID which Is the ID of your broker. CM stands for Clearing Member.
  • First of all, you should have your DP ID or CM ID which is the ID of your broker, 8-digit depository participant your (DP) ID.
  • Your BO ID. BO stands for Beneficial Owner. This is usually an 8-digit number.
  • YOUR BO ID (Beneficial Owner) is a usual 8-digit number.
  • Once you have these details handy you begin the CDSL EASIEST registration process.
  • Once you have all the above-mentioned details in your hand you can start the CDSL Easiest registration process.
  • Now you are supposed to go to the website of CDSL and then click on the Register Online tab on the homepage. From there select Easiest from the list of options.
  • Then you will be asked by your BO ID to enter your DP ID. Enter all the details followed by your phone number as well as your Email. Then will receive a One Time Password (OTP) only on your registered mobile number.
  • Then verify your phone number by entering the OTP received.
  • CDSL have two types of account and that's why when you enter your account details the portal will ask you which type of account you want.
  • Trusted Account Transfers - If you want to transfer securities to any other 4 demat accounts registered with CDSL that you trust.
  • Account of Choice Transfer  - This option allows you to transfer securities to any other demat account. Transactions need to be verified using a digital signature in this case.
  • Account of Choice Transfer - If you want to transfer securities from one account to any Demat account. You need to verify your transactions using a digital signature in this case.
  • You can select the option that applies to you. The Trusted Account transfer option is recommended for most retail investors.
  • If you selected Trusted Account, you need to enter the BO number of the accounts to which you wish to transfer securities.
  • And if you have selected Grouping then simply follow these steps:
  • Once you click on Submit, your CDSL EASIEST registration process is complete.
  • After you finish the CDSL EASIEST registration, it can take between 24 to 48 hours to get activated.

How to transfer CDSL Easiest share?

CDSL is an online service to transfer shares using CDSL Easiest to transfer from one demat account to another. To use this service you should have both Demat accounts with CDSL.

Steps to transfer shares using CDSL Easiest

Step 1 - First of all you need to register for CDSL Easiest.

Step 2 - Any trusted account can take 24 hours (working hours) to activate the account that's why you should add trusted account details too. 

Step 3 - Now you are supposed to go to the "Setup" on the transaction section.

Step 4 - You are supposed to select bulk setup.

Step 5 - Click the Transaction tab.

Step 6 - Now fill in the details given below.

  • Execution date.
  • Recipient BO ID.
  • ISIN
  • Quantity
  • Reason for transfer
  • Click on verify to start your verification request.
  • Click on Submit.
  • Enter your CDSL Easiest PIN and click on OK. (8- digit pin received at the time of CDSL Easiest registration)

Once the DP confirms the request, the shares get transferred automatically without any manual setup.

Disclaimer - The information provided in this blog is for educational purposes only and should not be considered financial or investment advice. Trading in stocks and securities involves risks, and individuals should carefully evaluate their financial situation and consult with professionals before making any trading decisions, you can take the help of Finskool advisory service which will increase your chances of earning profit.

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