How to transfer equity shares online using CDSL’s 'Easiest' facility

Central Depository Services Limited (CDSL) provides a facility for investors to transfer shares online from one demat account to another. This transfer can be made as a gift or for any such reason in the form of an off market transfer.

Register for Easiest
One can register for CDSL’s ‘Easiest’ through https://web.cdslindia.com/myeasi/Registration/EasiestRegistration. Here the investor needs to key in the DP ID and Client ID. An OTP will then be sent to the registered mobile number. After entering the OTP, the investor will be able to set up the username, security question and answers for the account.


Adding a Trusted account
Transfer using Easiest services can be done only if the account of the transferee is a ‘Trusted’ account. The investor can add the trusted account details with 16 digit BO Id. The trusted account is activated within 24 working hours.

Setting up transaction
To transfer, the investor needs to log in to the Easiest account, click on the ‘Transactions’ tab and choose ‘bulk set up’ under the option ‘Set up’. Now, Select ‘Transaction’, enter execution date and select the Trusted account. Next, the ISINs of securities which are to be transferred, quantity of shares and the reason for transfer needs to be selected. On submission, the investor will be able to verify the request and approve the same. Next, click on ‘Commit’ to initiate the transaction. A verification PIN will be sent to the mobile number and registered email id. Upon entering the PIN, the transfer request will be submitted.

Confirmation by DP
On submission of request, CDSL will forward the request to investor’s DP for confirmation. Once confi rmed, the request will be approved and transfer will be carried out.

Points to note

• One can add up to a maximum of four trusted accounts.
• Service charges are levied by the DP for off the market transfer of shares including stamp duty.

(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)