As per CDSL's 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 learn how to add a beneficiary on CDSL, see How to add a beneficiary on CDSL to transfer securities?
To transfer securities from the 5paisa account using CDSL Easiest, follow these steps:
1. Register on CDSL. To learn how, see How to register for CDSL Easiest using the 5paisa demat account?
2. Log in to web.cdslindia.com/myeasitoken/home/login and click on Setup under Transactions.
3. Click on Bulk Setup.
4. Click on Transaction and enter the execution date and enter the Beneficiary owner ID (BOID) of the person to whom the securities are to be transferred. To learn how to add a trusted beneficiary account, see How to add a trusted account on CDSL Easiest? Select NA from the drop-down in the Entity Identifier.
5. Click on Account ISINs and select the ISINs in the holdings from the list. Enter the quantity and select the reason for the trade. If the off-market transfer is not a gift or self-transfer and involves a consideration, stamp duty (PDF 1) must be paid to CDSL online (PDF 2) before making the transfer.
6. click on submit
7. Click on Verify. Exchange ID, Counter Party Exchange ID, Market Type, Counter Party Market Type, Settlement ID and Counter Settlement ID need not be filled in for off-market transactions.
8. Click on Commit and then enter the OTP received on the registered mobile number and email.
9. Enter the 8-digit alphanumeric CDSL easiest PIN received on the registered email ID. Do not enter the 6-digit CDSL TPIN. First-time users must change the default PIN by visiting web.cdslindia.com/myeasitoken/home/login and, clicking on Miscellaneous, and then on Change PIN.
If the PIN was not received or forgotten, visit web.cdslindia.com/myeasitoken/home/login , click on Miscellaneous and then on Reset PIN.
This is now sent to the Depository Participant (DP) for confirmation. The request is approved on confirmation, and the transfer will be done.
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