If you wish to transfer shares from your Upstox Demat Account to another CDSL/NSDL Demat Account, you will need to submit a DIS (delivery instruction slip). It must be duly filled out and signed by all account holders.
To help you understand this better, here is a sample.
The instruction slip needs to be filled out as follows:
Target DP Name: This is the name of the DP where your shares should be transferred to.
DP ID: Target DP Id
Client ID: Demat a/c Number of the client in whose account you are transferring the shares
Security details: Scrip name, ISIN, and quantity
Please specify the reason for transfer of shares in DIS.
The shares will be transferred on the 'Execution Date' indicated on the slip.
The off-market transfer charges will be based on DP exit charges. The amount will be added to your DP bill every month.
It takes a minimum of 5 business days to transfer shares.
Once your DIS slip is taken in process, CDSL will send an SMS on your registered mobile number and email with a link for OTP authentication for share transfer.
Kindly complete the OTP authentication on the same day by 9:00 pm or else your share transfer request will be rejected and you will have to fill a new DIS slip and courier us again.
In case of any other queries, kindly ‘Raise a Ticket’ from Web Portal and Mobile Application. Our team will be glad to assist you.