How to add a beneficiary on CDSL to transfer securities?

As per CDSL's circular (WEB), to prevent incorrect transfers, all off-market transfers will be processed only if the sender (transferor) of the securities adds the receiver's (transferee’s) demat account as a beneficiary on CDSL.

To add a beneficiary on CDSL for off-market transactions, follow these steps:

1. Visit web.cdslindia.com/myeasitoken/Home/Login.
2. Login using Easi or Easiest credentials. If the account isn’t registered, register with Easi or Easiest. To learn more, see What is CDSL Easi and how to register for it? and How to register for CDSL Easiest using the Zerodha demat account?
3. Click on Transaction.
4. Click on BO Linking.
5. Click on BO Linking Setup.
6. Enter buyer’s (receiver’s) BO ID and PAN. To learn how to find the BO ID, see What are DP name, DP ID, BO ID and demat ID?
7. Click on Submit.
   

An email will be sent to the sender to verify the beneficiary details for off-market transactions. To verify the beneficiary details, follow these steps:

1. Click on the link received in the email.
2. Enter seller's (transferor's) PAN and Demat Account No. The demat account number is the 16-digit ID. To learn how to find the demat ID, see What are DP name, DP ID, BO ID and demat ID?
3. Click on Submit.
4. Tick on the beneficiary details and click on Generate OTP.
5. Enter the OTP and click on Accept.
6. Click on OK.

The beneficiary is added instantly. Once added, the shares can be transferred using DIS, CDSL Easi/Easiest or Zerodha's gift feature. To learn more, see How to transfer shares from the Zerodha account to other CDSL demat account using CDSL Easiest?, How to transfer shares from a Zerodha demat account to another demat account offline? and How to gift securities?

Did you know? A beneficiary can also be added by filling and sending Annexure A (PDF) to Zerodha's head office (WEB). However, verification of the beneficiary is to be done via the link received in the email, as explained above.