How do I transfer shares from another DEMAT account to my Zerodha DEMAT?
Once you have opened your Zerodha account, you can transfer shares from your demat account with the other broker to your Zerodha demat using the off-market transfer process.
If you don't have an account with us, you can open one instantly online. Just head over to our account opening page and follow the instructions. If you need any help with the account opening, you can get in touch with us on 080 47192020 / 080 71175337
To transfer shares from another DEMAT account to Zerodha DEMAT account, you need to fill up the ‘Delivery Instruction slip’ (DIS) the other broker provides & submit it to them along with a CMR copy provided by Zerodha. Here's an example of a DIS slip provided by Zerodha.
1. Your broker may charge you to transfer shares out of your account with them using the DIS method. However, if you are closing your DEMAT account and transferring the shares from another broker to Zerodha, i.e 'Closure cum transfer' there won't be any charges for the transfer.
2. After the transfer is complete, you will be able to view the shares in your holdings. However, the buy average will be shown as NA. You will have to manually enter the price at which you acquired these shares. Refer to this article to know how.
If the other broker asks for a CMR, refer here to know how to obtain your CMR.
Once the DIS slip along with the CMR is submitted it takes 2-4 days for the transfer to be completed.