How to transfer shares from my Zerodha DEMAT account to another DEMAT account?
For off-market transfer of shares, mutual fund units 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.
Click here to download the DIS requisition form. print and fill out the form and send it to our Head office at Bangalore. Once you place a request, the DIS will be sent to your registered address.
Fill up the DIS and along with it send a hard copy of your CMR with the other broker to the below address:-
Zerodha HO [#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase, Bangalore - 560078]
You will be charged Rs 100 for the DIS booklet (the first 10 leaves are free) and 0.03% of turnover or Rs 25, plus 18% GST, higher of the two per ISIN for the transfer of shares.
Note: If you are doing a 'closure cum transfer' that is closing your account with Zerodha and transferring out your shares,i.e not using the DIS method, there won't be any charge for the transfer.