How to Transfer Shares from One NSDL Demat Account to Another Using NSDL Speed-e

Step 1: Registration for SPEED-e

You must register for the SPEED-e facility to submit delivery instructions online.

1. Online Setup: Visit eservices.nsdl.com and select New User Registration > SPEED-e.

2. User Type: Choose “Password User” (standard for retail) or “Smart Card/e-Token User” (required for inter-depository or inter-DP transfers).

3. Details: Enter your DP ID, 8-digit Client ID, and registered mobile/email.

Note: Add at least one CM-BP-ID (Clearing Member ID of your broker). You can add up to six.

1. Authorization: * Password Users: Submit the physical registration form to your DP for activation.

• OTP Users: Some DPs now offer a paperless registration verified purely via OTP.

Step 2: Adding an NSDL Beneficiary

Before initiating a transfer, you must pre-authorize the target NSDL account.

1. Add Target: Log in to SPEED-e and navigate to Inquiries > Add Beneficiary (NSDL).

2. Target Details: Enter the receiver’s DP ID, Client ID, and PAN.

3. Verification Link: NSDL will send a link to your registered mobile and email.

4. OTP Approval: Click the link, verify the receiver’s details on the webpage, and enter the OTP to confirm the addition.

Step 3: Executing the Transfer

Once the beneficiary is added, you can initiate the off-market transfer.

1. Submit Instruction: Go to Transactions > Submit Instruction > Delivery to Client.

2. Select Target: Choose the receiver’s account from your pre-added beneficiary list.

3. ISIN Selection: Select the securities you wish to move from your holdings and enter the Quantity.

4. Reason Code: Select the appropriate reason for the transfer (e.g., “Transfer to own account” or “Gift”).

5. Final Authorization: Review the request and authorize it using the OTP sent to your registered mobile/email.

Important Considerations