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.

DIS form

To help you understand this better, here is a sample.

The instruction slip needs to be filled out as follows:

  1. Target DP Name: This is the name of the DP where your shares should be transferred to.

  2. DP ID: Target DP Id

  3. Client ID: Demat a/c Number of the client in whose account you are transferring the shares

  4. Security details: Scrip name, ISIN, and quantity

  5. Please specify the reason for transfer of shares in DIS.

    Please courier the instruction slip to the following address once you have filled it out

    Harishchandra Sawant (Upstox),

    30th Floor, Sunshine Tower,

    Senapati Bapat Marg,

    Dadar- W,

    Mumbai - 400013


  • 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.

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