FAQs
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.
Can I transfer shares from one Upstox account to another? ›
To transfer shares from one Demat account to another offline, you must fill out the DIS form and submit it to your current broker. You can get the DIS form in your welcome kit; if not, you may approach your stock broker to provide you with the form.
How to transfer all my shares from one Demat account to another? ›
For transferring the shares online, you have two options. First is to do this via your demat account and the second is via the relevant depository's (CDSL/NSDL) website. While certain brokers may offer an online transfer option, the process may not be completely online due to safety reasons.
What is the easiest way to transfer shares from one Demat account to another? ›
Online transfer of shares
- Step 1: Online transfer of shares through CDSL's 'Easiest' facility and NSDL's 'Speed-e' facility. ...
- For NSDL - Visit this page > New User Registration > Speed-e>Register.
- For CSDL - Click here > Register for Easiest > Enter Demat details, OTP, account details (DP ID, Client ID, email id etc.
List of everything you may be charged at Upstox.
- ₹0. Brokerage* On Mutual Funds and IPOs.
- ₹20. Equity Intraday, F&O, Currency & Commodity* ₹20 or 0.05% (whichever is lower) per order on Stocks.
- ₹20. Equity Delivery* ₹20 or 2.5% (whichever is lower) per order on Stocks.
You also can transfer shares from one Demat Account to another. While the process of transferring can be easy, it is important to learn all aspects of the share transfer process and the participants involved in the process.
How many days to transfer shares from one demat to another? ›
It will take between 3-5 business days for the existing broker to transfer the required shares from the old Demat account and for the new broker to receive the shares in the new account. The current broker may apply a few charges for this procedure, and the rates vary from one broker to another.
What are the charges for transferring shares from one demat account to another? ›
A maximum of 5 securities (ISINs) can be transferred per DIS. Use the DIS Annexure form (PDF) to transfer more than 5 securities. The charges to transfer shares in an off-market transaction are 0.03% of the transfer value or ₹25 per ISIN, whichever is higher, + 18% GST.
How to transfer stocks from one account to another without selling? ›
The best and most common way to transfer stock between brokers is by direct transfer. Most brokers use the Automated Customer Account Transfer Service (ACATS) to directly transfer investments. Here's how a direct transfer works: You start the process by filling out a transfer initiation form.
How do I close my Upstox account and transfer shares? ›
How do I close my Upstox Account?
- Please make sure you have zero holdings in your Demat account. You can either sell off your holdings or transfer them to a different Demat account.
- Any remaining funds will be credited to your primary linked Bank account.
How to get the power of the Smart Transfer facility? Smart Transfer is a facility that you can easily avail by opting for the IndusStox 3-in-1 account. This account bundles your IndusInd Bank Savings account & Upstox's Demat & trading account, all in one. Add convenience to your transfers; choose to Smart Transfer!
How do I transfer Upstox stocks to Zerodha? ›
If the securities are to be transferred to Zerodha without closing the existing account, follow the off-market transfer process. To initiate the process, obtain the Delivery Instruction Slip (DIS) from the existing broker, fill out the details of the Zerodha demat account as required and submit it to them.
How do I transfer my shares? ›
You will be required to submit the following information when completing the stock transfer form:
- Consideration money (How much is paid for the shares)
- Name of Security (e.g. 100 Ordinary Shares for YOUR COMPANY LIMITED)
- Description of Security.
- Number of shares to be transferred.
- Name and address of the transferor.
It is also feasible to transfer the shares from one Demat account to another. However, when you transfer shares from one Demat account to another, the ownership remains the same, so there is no tax implication and, as a result, no transaction implication.
Can I have two demat accounts? ›
It is legal to open multiple Demat accounts. However, it is not allowed to open multiple Demat accounts with the same brokerage firm. One can open multiple Demat accounts with full-time brokers and discount brokers simultaneously. A trader can have multiple Demat and trading accounts.
Can I have 2 accounts in Upstox? ›
Yes. An Individual can have as many trading accounts as they want. You can link the same bank account with different trading accounts. However, you can't have multiple accounts linked with the same broker.
Can I have 2 demat accounts in Upstox? ›
Can I Open More Than One Demat Account? The one-word answer to “Can I have more than one Demat account” is a resounding 'Yes. ' The Indian securities market is governed by the Securities and Exchange Board of India (SEBI). And SEBI does not bar anyone from opening more than one Demat account.
What are the charges for transfer of shares from one Demat account to another? ›
A maximum of 5 securities (ISINs) can be transferred per DIS. Use the DIS Annexure form (PDF) to transfer more than 5 securities. The charges to transfer shares in an off-market transaction are 0.03% of the transfer value or ₹25 per ISIN, whichever is higher, + 18% GST.
Can I link my existing Demat account to Upstox? ›
Yes. You can link your existing DP with your trading account at Upstox. We recommend you only link your existing demat account if you are mostly into intraday trading. It is also recommended you open a new demat account with Upstox.
