If you wish to transfer shares from your Upstox Demat Account to another 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:
- First/Sole Holder’s Name: Enter the account holder's name as mentioned in the demat account.
- Client ID: Demat a/c Number of the client in whose account you are transferring the shares
- Security details: ISIN, Security Name and Quantity (in figures and words)
- Please specify the reason for transfer of shares in DIS.
- The fields at the bottom - Counter DP ID, Counter Client ID and Counter Client Name are details of the account you’re transferring shares to
- Signature: The signature of the account holder must match the signature stored in the Upstox demat account records.
- Please courier the DIS form to the following address once you have filled and signed it
Harishchandra Sawant (Upstox),
30th Floor, Sunshine Tower,
Senapati Bapat Marg,
Dadar- W,
Mumbai - 400013
Keep in mind:
- To transfer shares from Upstox to another broker there are DP charges of ₹18 + GST (as per expense slab)
- To transfer shares from another broker to Upstox there are no charges
- It takes a minimum of 5 business days to transfer shares.
- Once your DIS slip is taken for processing, you will receive an SMS on your registered mobile number and email from CDSL with a link for OTP authentication. Complete this by 9 pm on the same day to avoid your request from getting rejected
- If your request gets rejected you will have to fill a new DIS slip and courier us again
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