CDSL Easiest allows you to
gift stocks and securities to a relative’s demat account.
Here is a step-by-step
handy guidance for you to understand the process and follow it whenever
required:
- To ensure the smooth transfer
transaction it is mandatory for you and your relatives to have a
registered account with CDSL Easiest.
- Once you are done with
registration and account opening at CDSL Easiest, ensure to add your
relatives demat account as “Trusted account” in your profile.
- Login to CDSL Easiest and
navigate to the “Transaction” tab.
- Click on “Setup” and choose “Bulk
Setup”.
- Under “Transaction”, enter the
execution date(today’s date) and select your relative’s demat account ID
(BO ID) as the “Counter BO ID”. Leave the “Entity Identifier” as “NA”.
- Click the “+” icon under “ISIN
details” and select “Account ISINs”.
- Choose the specific security
(ISIN) you want to gift, enter the quantity, and select “Transfer between
specific family members” as the reason for your trade. Also, specify your
relationship with the recipient.
- Leave the consideration amount
field blank. Stamp duty applies only to off-market transfers with payment
involved (not gifts).
- Click okay to add the security
for transfer. Repeat step 5 for additional securities and once done, click
“verify”.
- Post verification, take note of
your transaction ID, and click okay.
- Select the shares you want to
transfer and click “Commit”. Enter the OTP received on your registered
mobile number and email.
- Enter your CDSL Easiest pin
(received at the time of registration).
On the successful pin
verification, you will receive a confirmation message indicating the share
transfer is complete.