Can I convert my newly created ICICIdirect account from NSDL to CDSL?

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You cannot directly convert your NSDL account to CDSL. You need to open another Demat account with ICICI with CDSL and transfer your holdings to the newly opened CDSL account as per below:

  1. Download the ICICI CDSL Demat account opening form.
  2. Fill the form with personal details such as name, address, contact details, PAN, bank account details, etc.
  3. Attach the KYC documents for proof of Identity and Proof of address.
  4. Submit the duly filled and signed form to your nearest branch.
  5. Once the account with CDSL gets opened, transfer the shares from the existing NSDL account to the newly opened CDSL account using inter-depository transfer. Click here to know more about Inter-depository transfer.
  6. Link the newly created CDSL Demat account with your trading account.

You can then close your NSDL account or keep it as desired.

Alternatively, you can also visit your nearest ICICI branch. The company representatives can assist you with the end-to-end process of account opening and transfer.


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