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.

DIS form

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

The instruction slip needs to be filled out as follows:

  1. First/Sole Holder’s Name: Enter the account holder's name as mentioned in the demat account.
  2. Client ID: Demat a/c Number of the client in whose account you are transferring the shares
  3. Security details: ISIN, Security Name and Quantity (in figures and words)
  4. Please specify the reason for transfer of shares in DIS.
  5. 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
  6. Signature: The signature of the account holder must match the signature stored in the Upstox demat account records.
  7. 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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