You can add a trusted account on CDSL Easiest to transfer stocks from your demat account. You need to add accounts as trusted before you can transfer securities to them through CDSL Easiest.
Adding a trusted account
Follow these steps to add a trusted account:
- Log in to web.cdslindia.com/myeasitoken/home/login.
- Click on Miscellaneous and then Edit Trusted Account.
3. Click on Add Trusted Account and enter the 16-digit CDSL BO ID where you want to transfer stocks. If you are adding a Zerodha account as trusted, you can find the BO ID on Console. Securities transferred to an incorrect BO ID cannot be reversed, similar to a fund transfer to the wrong bank account.
4. Enter the 4-digit OTP sent to your registered mobile number, followed by the OTP sent to your email ID, then click on Verify & Submit.
Your Depository Participant (DP) will approve your trusted account within 24 working hours, after which you can transfer stocks to that account.
Things to keep in mind
- You can only add CDSL demat accounts as trusted accounts using this process
- You can map up to 4 trusted accounts at any time
- If you need to add a new account when you already have 4 trusted accounts, you must delete an existing mapped account first
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Depository Participant (DP) approves deletion requests within 24 working hours
- You can also transfer shares from Zerodha to NSDL demat accounts via CDSL easiest. However, you cannot add an NSDL BO ID as a trusted account, and shares can only be transferred by selecting the account of choice transfer option.
- If someone wants to transfer shares from another CDSL broker to your Zerodha account, they need to log in to web.cdslindia.com/myeasitoken/home/login with their existing broker details and add your Zerodha account as their trusted account.
For joint and non-individual accounts
If you have a joint or non-individual account, you need to courier the prefilled Trusted Account Form with both transferor and transferee signatures to:
Zerodha Customer Support Centre
#192A, 4th Floor, Kalyani Vista
3rd Main Road, JP Nagar 4th Phase
Bengaluru 560076
