Table of Contents
How to Transfer Shares from Zerodha Demat Account to Angel One demat account?
Steps to Prevent Zerodha to Angel One demat account Share Transfer Rejection
Why Transfer Shares From Zerodha Demat Account to Angel One demat account?
Zerodha and Angel One are two of the topmost brokers in India at the moment. Investors often consider which one to opt for their trading needs, given that each comes with its fair share of advantages. Read on and know how you can transfer shares from Zerodha Demat Account to Angel One demat account in easy steps.
Open an account with Zerodha.
How to Transfer Shares from Zerodha Demat Account to Angel One demat account?
If you want to get shares transferred from Zerodha Demat Account to Angel One demat account, this is the step-by-step process you have to follow:
1. Submit the Delivery Instruction Slip
To begin with, to this address mentioned below, you need to submit the DIS (Delivery Instruction Slip):
Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru – 560078
2. Transfer Request Verification
Once you have done this and Zerodha receives the DIS slip, you will get a verification of the transfer request carried out. For the purpose of security, this verification will be done over email or on call.
Keep in mind that the call / email will happen in just 48 working hours of the documents getting received by Zerodha. The transfer request from Zerodha Demat Account to Angel One demat account will be processed only after successful verification.
3. Video Verification
A need for video verification arises if the value of transfer is more than 5 lakh rupees. For transfer from Zerodha Demat Account to Angel One demat account, every account holder involved will have to undergo this verification.
4. Beneficiary Detail Verification
If Annexure A is sent in order to add beneficiary, the sender (you in this case) will receive an email. It will be done for beneficiary detail verification (for the purpose of off-market transactions.)
How to Verify the Beneficiary Details?
You can get the beneficiary details verified easily when you follow these detailed steps as mentioned here:
- Open your email inbox and find the verification email that was sent to you by Zerodha
- Click on the link that you find there.
- Then, you have to type in your Zerodha Demat Account number as well as your PAN number. The number for the Zerodha Demat Account will be to be your 16-digit ID.
- Once you have entered these numbers, check again and again for any errors.
- You have to click on Submit when you find that the numbers have been properly entered.
- Once this is complete, tick on the beneficiary details with confidence.
- After this is done, click on the button that is supposed to generate the OTP (One Time Password).
- Now enter the OTP correctly.
- Once it is properly done, click on the button ‘Accept’.
- Click on ‘Ok’. This will complete the process.
Make sure that you finish all these steps in a proper way. When done successfully, you will have Zerodha sending an OTP and a link to the CDSL website via email. You will get the info on your email and also the mobile number you submitted while signing up with Zerodha. Keep in mind that on the executed date, you should enter the One Time Password before 8:00 p.m in order to complete this process.
Steps to Prevent Zerodha to Angel One demat account Share Transfer Rejection
You might get Zerodha to Angel One demat account Share Transfer rejected. If you do not want that to happen, keep these important guidelines in consideration:
- Never sell shares that are being transferred before you get the DIS execution approval from Zerodha. It is essential to note that in rare cases, no rejection of the sale transaction might happen. When this happens, it can move to the stage of auction. In these types of scenario, you (the client) are the one who is supposed to bear the auction charges.
- Check whether your trading account has the requisite fund balance.
- After this is done, offer the NSDL CMR copy in case you choose “Transfer to Own Account(s)” as the reason for Zerodha Demat Account to Angel One demat account share transfer.
- You have to make a countersign if there is any overwriting or correction.
Note that you are supposed to make a charge of 25 INR per ISIN or 0.03% of turnover, whichever happens to be greater. You also have to pay 18% Goods and Services Tax (GST). However, in case no OTP is entered from your end, such types of charges will apply.
Why Transfer Shares From Zerodha Demat Account to Angel One demat account?
If you want to get shares transferred from a Zerodha Demat account to an Angel One demat account, various factors could be at work, such as changes in financial strategy, service offerings or preferences. Often, such transitions are considered by investors for reasons associated to additional features provided by the new platform, brokerage fees, or service quality.
More personalized customer service experience, advanced trading tools, a different fee structure and many more such unique advantages may be offered by Angel One. Transferring shares becomes a logical step if you find that your evolving needs are being satisfied better by Angel One, or its pricing model is more competitive.
You may even be attracted to a wider range of investment options, educational resources, or research capabilities of Angel One. The decision to switch Demat accounts and opt for securities transfer to Angel One demat account may be influenced after evaluating the technological robustness, overall user experience, and the ease of accessing market insights with Angel One.
However, before initiating a transfer, you must carefully review any potential tax implications, account closure procedures, and the associated costs. You have to make sure that your current requirements will be met by Angel One demat account and it will also offer a long-term solution for the financial goals that you have as an investor. When transferring shares between Zerodha and Angel One demat accounts, consulting with financial advisors, considering own preferences, and conducting thorough research can help you make an informed decision.
Open an account with Angel One.
Conclusion
All in all, this is how you can transfer shares from Zerodha Demat Account to Angel One demat account. The process is easy when you follow the steps aforementioned. Feel free to get in touch with the customer support team of both brokers, if you experience any trouble.