Chittorgarh.com Logo
Loading...

Can we transfer from NSDL to CDSL?

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Yes, we can transfer shares from NSDL to CDSL demat account. The transfer of securities from an account in NSDL, to an account in CDSL is called an inter-depository transfer. You have to contact your stock broker whom you have your NSDL Demat Account to being the transfer.

Features of Inter-Depository transfers

  • An inter-depository transfer can be done only for securities which can be stored in the electronic form in both the depositories.
  • For debiting the account with NSDL, an investor submits the 'Inter-depository delivery instruction' form to the DP.
  • For crediting the account, standing instructions for automatically crediting the account are applicable. If not, an investor should submit the 'Inter-Depository Receipt Instruction' form to the DP.
  • Inter - depository transfers happen on each working day.
  • In the online inter-depository transfer (OLIDT) module, Inter-Depository Transfer instructions for the day are exchanged online between the two depositories.
  • Government securities cannot be transferred from one depository to another using this facility.

Comments

Add a public comment...