How do I transfer shares from another DEMAT account to my Zerodha DEMAT?
For off-market transfer of shares, i.e to transfer shares into your Zerodha account, you need to use a DIS (Delivery Instruction Slip). DIS is similar to a bank cheque leaf which is used to move money from one bank account to another. With DIS you can move shares from one DEMAT to another.
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. Below is an example of a DIS slip provided by Zerodha.
1. 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. The other broker will charge you only if you use the DIS method to transfer your shares.
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.