There are two prominent ways to transfer shares from other brokers to a 5paisa demat account. Here are key pointers for both ways to simplify the process for you:

Closure cum Transfer (Self-Transfer)

Follow the closure cum transfer process if you are planning to close your existing account after transferring shares to 5paisa. 

• Obtain a closure cum transfer form from your existing broker.
• Once you complete the form, submit it along with a physically or digitally signed and sealed copy of your 5paisa Client Master Report(CMR). To obtain a copy of the CMR report, you can contact 5paisa customer support or request a report from their website.

Key points to remember while opting for closure cum transfer.

• It is only for self-transfer purposes and restricts you from transferring securities to another person.
• For joint account holders, the order of primary and secondary holders with existing brokers should match the exact same order in the 5paisa account.
• For example, if Mr. A is a primary account holder with the existing broker, then with 5paisa, Mr. A should be the primary account holder. 
• The securities can be transferred between accounts with the same BO (Beneficiary owner) status.
• For example, the transfer can take place between individual to individual accounts and not from individual accounts to a joint, NRI, or HUF account.
• Securities under a lock-in period cannot be transferred between CDSL and NSDL.
• Securities can be transferred within the same depositories, i.e., CDSL to CDSL or NSDL to NSDL.

Off- Market Transfer

Follow the off-market transfer process if you are planning to transfer securities to 5paisa without closing the existing account.

• Obtain the Delivery Instruction Slip(DIS) from your existing broker.
• Fill out the details of the 5paisa demat account required in the form and submit the same to your existing broker. 

Key points to remember while opting for off-market transfer.

• Securities can be transferred between any Beneficiary owner (BO) status. It allows you to transfer securities from an individual account to an individual account. Moreover, it allows the transfer of securities from an individual account to joint, NRI, or HUF accounts too.

• Use the DIS slips carefully to understand the type of transfer you are taking part in. For example, If transferring from an NSDL broker, use an inter-depository slip, and if transferring from a CDSL broker, use an intra-depository slip. The existing broker provides both types of slips.

• Some brokers may offer online share transfer options, and you can check with your existing broker about their specific process.