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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. However, if the shares are sold, the PIS banks will not be able to settle this as they will not have the buy details. Also, the reporting to RBI would not have been made. 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). However, if the shares are sold, the PIS banks will not be able to settle this as they will not have the buy details. Also, the reporting to RBI would not have been made. 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. However, if the shares are sold, the PIS banks will not be able to settle this as they will not have the buy details. Also, the reporting to RBI would not have been made. 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. However, if the shares are sold, the PIS banks will not be able to settle this as they will not have the buy details. Also, the reporting to RBI would not have been made. 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.