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

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 24 working hours to transfer shares.

  • As soon as RKSV submits the instruction slip, CDSL will send you an OTP to validate your transfer request. After receiving the OTP, you must approve the transfer. In the event that you are not able to do so, you will have to repeat the entire process.

In case of any other queries, kindly ‘Raise a Ticket’ from Web Portal and Mobile Application. Our team will be glad to assist you.