How to transfer government securities (G-secs) from RBI retail direct account to Zerodha?

You can transfer government securities (G-secs) from your RBI retail direct account to your Zerodha demat account through a value-free transfer process. Since RBI maintains the ownership of government securities and gold bonds on their ledger, you can only transfer them through this value-free transfer method. Zerodha charges ₹150 + 18% GST as dematerialisation charges for this service.

Required documents

You need to courier the following documents to Zerodha for each G-sec or SGB series/ISIN:

• 2 Dematerialisation request forms (PDF) for each G-sec or SGB series or ISIN - Fill the dematerialisation form with details of the number of units of G-sec or SGB and the relevant series or ISIN¹
• Value-free transfer (PDF) letter for each G-sec or SGB series and ISIN
• Screenshot of your profile from your Retail Direct Gilt (RDG) account - Log in to rbiretaildirect.in and click on Dashboard to view your profile
• Confirmation receipt you received from RBI
• Self-attested copy of your PAN card

If you want to transfer 3 different G-secs from your RBI Retail Direct account to Zerodha, you need to submit:

• 6 dematerialisation request forms (2 for each G-sec)
• 3 value-free transfer letters (1 for each G-sec)

Transfer process

Step 1: Submit Documents to Zerodha

Courier all required documents to:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

After Zerodha verifies your documents, we will provide you with a Dematerialisation Request Number (DRN).

Step 2: Request transfer from RBI

You must then place a request for transfer on your Retail Direct Gilt (RDG) account. Contact the RBI Retail team to place your transfer request:

• Email: [email protected]
• Phone: 18002677955

Did you know? You can also transfer government securities from your Zerodha account to your RBI retail direct account.

Notes

¹ You need separate dematerialisation request forms and value-free transfer letters for each individual G-sec or SGB series/ISIN you wish to transfer.