Transferring the Shares from NSDL to Any Demat Account

Steps,

• Adding the Beneficiary
• Pay the Stamp Duty
• Fill out DIS form
• Verifying the transaction

Step 1: Add the Beneficiary (Target Account)

NSDL requires you to “pre-register” the buyer’s account before a transfer can happen.

1. Log in to NSDL SPEED-e or your DP’s online portal.
2. Go to Inquiries/Maintenance

Note: Click on Add Beneficiary NSDL (NSDL TO NSDL), Click on Add Beneficiary Non-NSDL (NSDL TO CDSL)

1. Enter the Buyer’s details:
   • Target DP ID & Client ID (16 digits total).
   • Beneficiary Name (Must match their demat record exactly).

1. Authenticate the addition with the OTP sent to your registered mobile/email.

Step 2: Calculate & Pay Stamp Duty (Online)

Before the branch can process your slip, the stamp duty must be paid. For unlisted shares, the rate is 0.015% of the consideration value.

• Payment Process:
  1. Visit the NSDL Stamp Duty Calculator.

• 1. Select “Type of security”

Note: Equity Share or if it is (CCPS) select Preferential shares.

• 1. Enter the Quantity and Price.
  2. Click “Pay Stamp Duty”.

• 1. Enter your DP ID and Client ID carefully.
  2. Complete the payment via Net Banking or UPI. Keep the payment receipt/acknowledgment—you must attach this to your DIS slip.

Step 3: Fill out the DIS (Delivery Instruction Slip)

When filling out the physical slip from your booklet:

1. Tick For Off- Market Trades (NSDL to NSDL) Or Tick Inter-Depositary (NSDL to CDSL)
2. Write down Target DP ID and Client ID
3. ISIN: Ensure you use the correct ISIN for (e.g., INE…).
4. Consideration: Selling Value
5. Reason Code: Select “Off-Market Sale” (Code 01).
6. Execution Date: Put the date you want the shares to actually leave your account (usually today or tomorrow).
7. Signature: Must match the signature on your demat account exactly.

Step 4: Submission at the Branch

Take the following to your DP branch:

1. The Original DIS Slip (completely filled and signed).
2. A copy of the Stamp Duty Payment Receipt from Step 1.
3. A copy of the Deal Slip (which you already have).
4. Annexure/Self-Declaration: Some branches require a simple “Annexure” form for off-market trades where you declare the reason for the sale.

Step 5: Verification & Final Transfer

1. Verification Link: You will receive an SMS/Email from NSDL containing a secure link.
2. Approve Transfer: Click the link, verify the details and click “Generate OTP.”
3. Enter OTP: Input the 6-digit code received on your mobile to approve the trade.

Note: This must be done before 10:00 PM today or the request will expire.

1. Debit Confirmation: Once the OTP is verified, the shares will be debited from your account. You will receive a final confirmation SMS: “A/c [ID] debited with Share name.”
2. Completion: The shares will reflect in the buyer’s demat account within 24–48 hours.