Friday, July 19, 2024
HomeDemat directoryHow to Register for CDSL Easiest?

How to Register for CDSL Easiest?

Share In

Table of Contents

What is CDSL Easiest?

Types of CDSL Easiest Account Transfers

What are the Benefits of Subscribing to CDSL Easiest?

How to Register for CDSL Easiest?

FAQ – Frequently Answered Questions about CDSL Easiest

Conclusion

Do you wish to register for CDSL Easiest? The Indian capital market has witnessed significant advancements in recent years, thanks to the innovative use of technology. In this era of reduced settlement cycles, investors require up-to-date demat account information at a faster pace than ever before. To meet these demands, CDSL (Central Depository Services Limited) has introduced “Easiest,” an Internet-enabled service that empowers demat account holders to manage their securities conveniently and efficiently, anytime and anywhere, within a secure environment.

Know about the process of registering for CDSL Easiest and highlight the benefits it offers.

Open an account in Angel One.

What is CDSL Easiest?

CDSL’s Easiest (Electronic Access To Securities Information and Execution of Secured Transaction) is an internet-based facility that allows clearing members (CMs) of beneficial owners (BOs) to submit debit and credit instructions for off-market, on-market, inter-depository, and early pay-in transactions from their demat accounts. Subscribers of Easiest also gain access to all the features and advantages of easi, another CDSL service.

Once registered, investors can begin the process of transferring shares from one demat account to another. This streamlined online procedure saves time, reduces paperwork, and enables investors to consolidate their holdings effortlessly. By consolidating their shareholdings, investors can gain a holistic view of their investments, monitor their portfolio performance more effectively, and make informed decisions regarding their trades and investments.

Read our article on Zerodha CDSL TPIN – Benefits, Generation Process, Changing Process and more.

Types of CDSL Easiest Account Transfers

There are two types of account transfers available on CDSL Easiest:

  1. Trusted Account Transfer: This option allows BOs to transfer securities from their demat accounts to trusted accounts held by other individuals. BOs can choose up to four CDSL demat accounts as trusted accounts. Transactions initiated through the trusted account option require an additional PIN for approval, which is emailed separately to the BO. This process involves receiving two separate emails—one for Easiest login access and another for the PIN to authorize transactions.
  2. Account of Choice Transfer: With this transfer option, BOs can transfer securities from their own demat accounts to another BO’s demat account. Authentication for these transactions is done using a Digital Signature Certificate (DSC), obtained from a Registered Authority (RA). To use the Account of Choice Transfer, BOs must submit the CDSL Easiest registration form (signed by all holders, except for sole holders) and the RA form to map the digital signature (e-token) to the DP for authentication. This transfer option is available for both CDSL to CDSL and CDSL to NSDL transactions.

What are the Benefits of Subscribing to CDSL Easiest?

Subscribing to CDSL Easiest offers the following advantages:

  • You can access to all the benefits of easi.
  • You can be assured of convenient execution of debit and credit instructions from your demat account via the internet, regardless of time or location.

How to Register for CDSL Easiest?

To register for CDSL’s Easiest platform, follow these simple steps:

Step 1

Visit the CDSL Easiest Registration page at https://web.cdslindia.com/myeasi/Registration/EasiestRegistration.

Step 2

Fill in the required information:

  • Enter your 8-digit DP ID (for Motilal Oswal account holders) in the DP ID section.
  • Enter your 8-digit client ID in the Client ID section.

Step 3

Verify your mobile number:

You will receive an OTP (One-Time Password) on your registered mobile number. Enter the OTP as prompted.

Step 4

Provide account details:

  • On the account details page, enter the required information.
  • Check the box marked “Trusted Account” if applicable.
  • Click on the “Continue” button.

Step 5

Add trusted account and grouping details (if applicable):

  • Type in the details of the trusted account(s) where you want to transfer your shares.
  • If you have pre-approved demat accounts with other depository participants, you can add them under the “Grouping” tab. Skip this step if not applicable.

Step 6

Complete the registration:

  • Once you have entered all the necessary details, your registration is complete.
  • Please note that a waiting period of 24-48 hours is required for validation.

Step 7

Next, you will be able to transfer shares:

After the waiting period, you will be able to transfer your shares using CDSL Easiest once the validation process is complete.

FAQ – Frequently Answered Questions about CDSL Easiest

These are answers to some questions asked about CDSL Easiest:

Q: Is it necessary for a BO/CM to submit instruction slip(s) to the DP when using Easiest for transactions?

A: No, it is not required. When using Easiest to submit instructions, a BO/CM does not need to provide any instruction slip(s) to their DP.

Q: Can people already registered for easi register for Easiest too?

A: Certainly! If you are already registered for easi, you can upgrade your BO ID to CDSL Easiest by selecting the “Upgrade BO ID to Easiest” option in your easi account login. However, it is advisable to check with your DP to ensure they have subscribed to the Easiest facility.

Q: Can a BO/CM submit multiple transactions using Easiest?

A: Absolutely! The CDSL Easiest upload facility allows CMs/BOs to submit multiple transactions in a single file, making it convenient and efficient.

Q: Who can utilize the upload facility?

A: The upload facility is available to all BOs or CMs who have chosen the account of choice login option in CDSL Easiest. To activate upload rights, a BO or CM needs to approach their DP for the necessary activation.

Read our article on Top Stocks to Buy Now for Long-Term Investment Prospects.

Q: Can I receive corporate announcements for the shares in my demat account through my Easiest login?

A: Yes, you can easily monitor corporate announcements for the securities held in your demat account via your CDSL Easiest login. Additionally, you have the option to add ISINs that are not held in your demat account but still wish to receive corporate announcements for those specific ISINs.

By utilizing these features, CDSL Easiest offers comprehensive functionality and accessibility, empowering demat account holders to stay informed and manage their securities effectively.

Open an account in Zerodha.

Conclusion

Registering for CDSL Easiest is a straightforward process that enables investors to transfer shares seamlessly between different demat accounts. By following the steps outlined above, you can enjoy a consolidated view of your stock holdings and benefit from the convenience of managing your securities online. CDSL’s Easiest platform enhances the overall experience of investing and trading, providing investors with efficient and hassle-free services.


Share In
RELATED ARTICLES

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

Facebook
Twitter
YouTube
LinkedIn
Share
Instagram
Telegram