How do I transfer shares from Tiqs to another demat account?

Transferring shares form one demat account to another demat is called a “demat to demat transfer.” Shares can be transferred offline as well as online.

There are two situations:

Intra depository transfer: If shares transfer within the same depository like NSDL to NSDL or CDSL to CDSL.
Inter-depository transfer: If shares transfer within the different depository like NSDL to CDSL or vice versa.

Let's talk about the procedures for online intra-depository share transfers now. Online share transfers across demat accounts are made possible by CDSL's "EASIEST" function. To begin the transfer, you must first register on CDSL's website.

The following describes how to utilize EASIEST:

Step 1 is to create an account on the CDSL website.
Step 2: Choose the CDSL facility that is the EASIEST and complete the form with the necessary information.
Step 3: After completing the form, take a printout of it and deliver it to your depository participant (DP).
Step 4: The CDSL will then receive it from the depository participant (DP) and confirm your information. Within two to three days, you'll get an email with the login information.
Step 5: Transfer the shares after signing into your account.

Like CDSL, NSDL uses a similar procedure. Online share transfers across demat accounts are made possible by NSDL's "Speed-e" function. To begin the transfer, you must first register on the NSDL website.

The steps for transferring shares via Speed-e are described below:

Step 1 is to create an account on the NSDL website.
Step 2: Fill out the form with the necessary information after selecting the facility as Speed-e for NSDL.
Step 3: After completing the form, take a printout of it and deliver it to your depository participant (DP).
Step 4: The NSDL will validate your information after receiving it from the depository participant (DP). Within two to three days, you'll get an email with the login information.
Step 5: Transfer the shares after signing into your account.

Now, let’s discuss steps for online transfer of shares for inter-depository transfers:

Step 1: First, determine if your account is a beneficiary account or a clearing account.
Step 2: The clearing member/beneficial owner must submit the "inter-depository delivery instruction" form to its DP in order to debit the clearing account or the beneficial account with NSDL/CDSL.
Step 3: The standing instruction provided for automatically crediting the account is appropriate for crediting the clearing account or the benefit account. The clearing member/beneficial owner must submit the "Inter-Depository Receipt Instruction" form to its DP if the standing instructions are not provided.
Step 4: Since both depositories are linked, batches to complete the transfer are executed on the same business day.
Step 5: After receiving notification of the transfer from both depositories, the Issuer/Registrar & Transfer Agent updates its records appropriately.

How to transfer shares offline through DIS form:

Step 1: Fill out a delivery instruction slip (DIS) or an off-market transfer request form (TRF).
Step 2: In the DIS, you need to fill the following details:
1. Target DP Name: The DP where you want to transfer to shares.
2. DP ID: Target DP ID
3. Client ID: Old Demat account number
4. Securities details: Scrip name, ISIN and number of shares
5. Signature of account holder
Step 3: Submit the form along with a share transfer deed and other relevant documents to your current broker.
Step 4: Your broker will initiate the transfer and the shares will be debited from your Tiqs account and credited to the other demat account.
Step 5: The transfer typically takes a few business days to process.

Note:

The 'Execution Date' written on the slip is when the shares will be transferred.
DP departure charges will serve as the foundation for the off-market transfer fees. Each month, the sum will be charged to your DP bill.
Transferring shares requires a minimum of 24 working hours.
In order to verify your transfer request, CDSL will email you an OTP as soon as Tiqs submits the instruction sheet. You must consent to the transfer after getting the OTP. If you are unable to do so, you will need to go through the full procedure again.
Please “Raise a Ticket” from the web portal and mobile application if you have any more questions. We will be happy to help you, says our team.