How to transfer shares from the 5Paisa account to other CDSL demat account using CDSL Easiest?
Steps to follow to transfer shares:
- Register on CDSL: If not already registered, use the guide "https://forum.5paisa.com/portal/en/kb/articles/how-to-register-for-cdsl-easiest-using-the-5paisa-demat-account" to set up your CDSL
Easiest account.
- Log in and Access Transactions:
- Visit https://web.cdslindia.com/myeasitoken/Home/Login and log in.
- Click "Setup" under the
"Transactions" section.
- Initiate Bulk Setup:
- Click on "Bulk Setup" within the
"Transactions" menu.
- Enter Beneficiary Details:
- Click on "Transaction" and enter the date.
- Input the Beneficiary Owner ID (BOID) of the recipient. Refer to "https://forum.5paisa.com/portal/en/kb/articles/how-to-register-for-cdsl-easiest-using-the-5paisa-demat-account" for adding trusted beneficiaries (if applicable).
- From the "Entity Identifier" dropdown,
select "NA."
- Select Securities and Reason:
- Click on "Account ISINs" and choose the specific ISINs (security codes) of the shares you want to transfer.
- Enter the transfer quantity and select the reason for
the transfer.
- Consider Stamp Duty (if applicable):
- Off-market transfers involving a payment (not gifts
or self-transfers) require an online stamp duty payment to CDSL. See
references https://www.cdslindia.com/StampDuty/Cal_StampDuty.aspx (PDF 1) and https://www.cdslindia.com/StampDuty/Cal_StampDuty.aspx (PDF 2) for details.
- Submit and Verify:
- Click "Submit" to initiate the transfer request.
- On the verification page, leave the Exchange ID, CounterParty Exchange ID, Market Type, and Settlement ID fields blank (for off-market transfers).
- Click "Verify."
- Authorize the Transfer:
- Enter the One-Time Password (OTP) received on your registered mobile number and email.
- Enter your 8-digit alphanumeric CDSL Easiest PIN received via email (not the 6-digit CDSL TPIN).
- First-time users: Change the default PIN by logging in to https://web.cdslindia.com/myeasitoken/Home/Login, clicking "Miscellaneous," and then "Change PIN."
- Reset PIN (if needed):
- If you haven't received or forgot your PIN, visit https://web.cdslindia.com/myeasitoken/Home/Login, click
"Miscellaneous," and then "Reset PIN."
Confirmation and Processing:
- Your request will be sent to 5paisa for confirmation.
- Upon approval,
the transfer will be processed.
Important Note: Ensure to add the recipient’s demat account as a beneficiary on CDSL before initiating a share transfer using CDSL Easiest. It will help in preventing runtime or real-time errors.
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