How to transfer securities from primary demat to secondary demat account?

You can transfer securities from your primary demat account to your secondary demat account online by adding the secondary account as a beneficiary and completing OTP verification.

1. Tap on your user ID.
2. Tap on Portfolio.
3. Scroll down and tap on the stock you want to transfer.
4. Tap on Transfer to secondary demat account.
5. Select the stock, enter the quantity to transfer and tap on Continue.
6. Authorise the debit of stocks by entering the CDSL TPIN and OTP.

Add beneficiary

If your secondary demat account is already added as a beneficiary, skip this step. If adding a new beneficiary, CDSL will send you a verification email between 3 PM and 5 PM on trading days:

1. Click on the link in the email.
2. Enter your PAN or primary demat account number (16-digit ID).
3. Click on Submit.
4. Tick the beneficiary details and click on Generate OTP.
5. Enter the OTP and click on Accept.
6. Click on OK.

Confirm the transfer

If you authorise the transfer using TPIN before 2 PM, CDSL will send a verification email and SMS by 5 PM on the same trading day. If authorised after 2 PM, it will be sent on the next trading day. Once received, complete the OTP verification using your PAN or 16-digit demat account ID before 8 PM. Missing this deadline will require you to restart the entire transfer process.

Your securities will appear in the secondary demat account within 24 hours after successful verification. You can follow the same steps to transfer securities from a secondary to a primary demat account. The buy average gets automatically updated within 3 working days for stocks transferred between primary and secondary demat accounts, so you don’t need to update it manually.

Off-market transfer charges: ₹13 + 18% GST = ₹15.34 per transfer transaction between your primary and secondary demat accounts.

Example scenario: Let's say you transfer 100 shares of XYZ company from your primary to secondary account in January, and later transfer 50 shares of the same XYZ company from secondary back to primary account in February. You will pay ₹15.34 for each transfer, totalling ₹30.68 for these two transactions. These charges are applied per transfer transaction, regardless of the number of shares or stock value being transferred.