How to transfer shares from an existing demat account to an NRI Zerodha demat account?
Transferring shares from an existing demat account to an NRI Zerodha account depends on several factors, including the type of account (NRE, NRO, or resident), the depository (CDSL or NSDL), and the type of NRI account at Zerodha (NRE or NRO). The transfer process varies based on these factors.
The table below outlines the transfer process:
| Existing account type | Existing depository | Zerodha NRI account (CDSL) type | Transfer process |
| NRE | CDSL | NRE | Transfer using CDSL Easiest. Learn how to transfer shares. |
| NRE | CDSL | NRO (Non-PIS) | Transfer using CDSL Easiest. Learn how to transfer shares. |
| NRE | NSDL | NRE | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
| NRE | NSDL | NRO (Non-PIS) | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
| NRO | CDSL | NRE | Transfer using CDSL Easiest. If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| NRO | CDSL | NRO (Non-PIS) | Transfer using CDSL Easiest. Learn how to transfer shares. |
| NRO | NSDL | NRE | Transfer using Delivery Instruction Slip (DIS). If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| NRO | NSDL | NRO (Non-PIS) | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
| Resident | CDSL | NRE | Transfer using CDSL Easiest. If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| Resident | CDSL | NRO (Non-PIS) | Transfer using CDSL Easiest. Learn how to transfer shares. |
| Resident | NSDL | NRE | Transfer using CDSL Easiest. If the shares are transferred to an NRE account, they cannot be sold as the PIS bank will not have the buy details to settle the trade, and the trade details would not have been reported to RBI. Learn how to transfer shares. |
| Resident | NSDL | NRO (Non-PIS) | Transfer using Delivery Instruction Slip (DIS). Learn how to transfer shares. |
Did you know?
-
The PIS account linked to Zerodha must match the PIS account linked to the other broker. If the PIS accounts are different:
- A No Objection Certificate (NOC) is required from the bank that issued the PIS account linked to the other broker.
- This NOC must be submitted to the bank that issued the PIS account linked to Zerodha.
- The NOC contains details of previous trades, used to calculate capital gains.
- Clients with an NRO-Non PIS account can update their trade details through Console.
- NRO (PIS) accounts cannot be opened with Zerodha.
Still need help?
×
![]()