How to add a beneficiary on CDSL to transfer securities?

How to add a beneficiary on CDSL to transfer securities?

As per CDSL's circular to prevent incorrect transfers, all off-market transfers will be processed only if the sender (transferor) of the securities adds the receiver's (transferee’s) demat account as a beneficiary on CDSL.

To add a beneficiary on CDSL for off-market transactions, follow these steps:

  1. Login using Easiest credentials. If the account isn’t registered, register with Easiest. See here, How to register for CDSL Easiest using the 5paisa demat account?
  2. Click on Transaction.
  3. Click on BO Linking.
  4. Click on BO Linking Setup.
  5. Enter buyer’s (receiver’s) BO ID and PAN. To learn how to find the BO ID, see What are DP name, DP ID, BO ID and demat ID?
  6. Click on Submit.













An email will be sent to the sender to verify the beneficiary details for off-market transactions. To verify the beneficiary details, follow these steps:

  1. Click on the link received in the email.
  2. Enter seller's (transferor's) PAN and Demat Account No. The demat account number is the 16-digit ID.
  3. Click on Submit.
  4. Tick on the beneficiary details and click on Generate OTP.
  5. Enter the OTP and click on Accept.
  6. Click on OK.




    The beneficiary is added instantly. Once added, the shares can be transferred using DIS, CDSL Easiest 

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