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How to transfer shares from my Zerodha demat account to another demat account offline?

To transfer shares from a Zerodha account to another CDSL or NSDL demat account, follow these steps:

1. Get a Delivery Instruction Slip (DIS) slip, see Where can I get a DIS booklet? and to know how to fill the DIS, see How do I fill in a DIS slip? . After filling the DIS, courier it to :

Zerodha HO

#153/154 4th Cross Dollars Colony,

Opp. Clarence Public School,

J.P Nagar 4th Phase, Bangalore – 560078

2. Once Zerodha receives the DIS slip, the transfer request is verified over a call or an email for security purposes. This call or email is done within 48 working hours of receiving the documents. The transfer request will only be processed after the verification is successful.

3. A link to the CDSLs website and an OTP will be sent to the registered mobile number and email ID. Enter the OTP before 8 PM on the executed date as shown below.

To avoid rejection of share transfer, do not sell shares that are being transferred before the approval of DIS execution. The share transfer will also be rejected if the balance in the trading account is negative. NSDL CMR copy needs to be provided if “transfer between own account” is selected as transferring reason code and it needs to be transferred to the NSDL account.


Transfer charges of 0.03% of turnover or ₹25 per ISIN, whichever is higher, plus 18% GST is applicable.

Off-market sale

To make an off-market sale, follow these steps:

  • Submit the filled DIS slip. Fill in the details of the payment bank in the slip. If the DIS booklet was issued before Feb 2021, fill the payment bank details in the Annexure for the DIS slip ( PDF ) and submit it along with DIS.
  • Stamp duty is applicable as per the slab mentioned in this doc ( PDF ).

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