CDSL on WebNotes

CAS -- NSDL and CDSL versions for mutual funds

Tue, 12 May 2026 00:00:00 +0000

India’s two depositories – the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) – each issue a version of the Consolidated Account Statement (CAS) that covers mutual fund units held in demat form alongside listed equity shares, bonds, government securities, and other securities held in the same demat account. The depository CAS supplements, but does not replace, the RTA-generated CAS issued by CAMS and KFintech, because the RTA CAS remains the authoritative source for physical folio-based mutual fund holdings.

How to add a joint holder to a Zerodha demat account (limitations)

Tue, 12 May 2026 00:00:00 +0000

A common question among Zerodha account holders is whether an existing sole (individual) demat account can be modified to add a spouse, parent, or child as a joint holder. The short answer is: it cannot. This is a regulatory constraint, not a Zerodha policy choice.

SEBI’s Depositories and Participants Regulations, 2018, and CDSL’s operational instructions fix the beneficial owner composition at the time of account opening. Adding or removing holders from an existing demat account is not a permitted operation. This applies to all depositories and depository participants in India, not only Zerodha.

How to change your mobile number on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Your registered mobile number at Zerodha is the primary channel for two-factor authentication (2FA) on Kite (login OTP), CDSL TPIN-based OTPs for delivery instructions, and transactional SMS alerts. Keeping it current is essential for account security. This guide explains how to update the registered mobile number.

Step 1: Log in to Zerodha Console

Open Zerodha Console and log in. Navigate to Profile (top-right profile icon or the side menu). Under the profile section, review available account modification options.

How to close a Zerodha account

Tue, 12 May 2026 00:00:00 +0000

This guide explains how to permanently close a Zerodha demat and trading account, covering prerequisites, the form submission process, and what happens to any residual holdings or balance.

Step 1: Settle all open positions and outstanding dues

Log in to Zerodha Kite and confirm that the Positions tab shows no open intraday, futures, or options positions. Check the Console equity dashboard to verify that your MTM (mark-to-market) balance is zero or positive.

How to convert physical shares to demat via Zerodha

Tue, 12 May 2026 00:00:00 +0000

Physical share certificates are paper documents that evidence ownership of shares in a company. Since the introduction of the Depositories Act 1996 and subsequent SEBI regulations, all trading of listed securities must be in demat (electronic) form. Physical certificates can still be held as evidence of ownership, but they cannot be sold on stock exchanges until they are converted to demat form.

SEBI’s LODR Regulations (Regulation 40) and SEBI Circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8, 25 January 2022, effectively mandate that all transfers of listed equity shares occur only in demat form. Holders of physical certificates are not compelled to dematerialise, but their ability to transact is severely restricted.

How to dematerialise mutual fund SoA holdings

Tue, 12 May 2026 00:00:00 +0000

Mutual fund units in India can be held in two modes: Statement of Account (SoA) form (also called non-demat or direct/regular plan physical form) and demat form. SoA-held units are registered in the investor’s folio with the fund’s RTA (KFintech or CAMS), and the investor receives periodic statements by email. Demat-held units are credited to a CDSL or NSDL demat account.

Investors who have historically invested directly with fund houses or through platforms like MFCentral, Kuvera, Groww (before Groww moved to demat), or the AMC’s own website may hold SoA-form units. These units can be converted (dematerialised) into demat form and consolidated into the Zerodha demat account, after which they appear in Zerodha Console and can be managed alongside equity holdings.

How to do a closure-cum-transfer of holdings at Zerodha

Tue, 12 May 2026 00:00:00 +0000

A closure-cum-transfer (CCT) is a combined demat account operation that closes your demat account at Zerodha and simultaneously transfers all remaining holdings to a target demat account in a single process. It avoids the need to manually initiate individual off-market transfers for each scrip before closure. This is the recommended procedure for clients who are switching brokers and want to retain all their holdings at the new broker without selling.

How to do a transmission of shares at Zerodha (death of holder)

Tue, 12 May 2026 00:00:00 +0000

Transmission is the process by which securities in the demat account of a deceased holder are transferred to the rightful successor – either a registered nominee or a legal heir. It is distinct from an off-market transfer because it is not a voluntary act of the account holder; it is a legal succession event.

Transmission of shares held in a Zerodha demat account is governed by the SEBI Depositories and Participants Regulations, 2018 (Regulations 56 to 60), the SEBI Master Circular on Transmission of Securities, the Companies Act 2013 (Sections 56 and 72), and the CDSL operational instructions. Zerodha, as a CDSL depository participant, follows CDSL’s prescribed transmission procedures.

How to download a Coin mutual fund statement

Tue, 12 May 2026 00:00:00 +0000

Mutual fund units held on Zerodha Coin are in demat form in your CDSL account. Account statements can be obtained from multiple sources depending on your needs: Zerodha Console for portfolio and tax reports, CAMS/KFintech for the SEBI-mandated Consolidated Account Statement (CAS) covering all mutual fund folios, and CDSL for the demat securities statement.

This guide covers all available statement download paths.

Prerequisites

Active Zerodha account with Coin holdings.
Zerodha client ID and TOTP for Console login.
PAN registered with CAMS and/or KFintech for CAS download.
Email address and/or mobile registered with CAMS/KFintech/CDSL for OTP authentication.

Regulatory basis for mutual fund statements

SEBI Circular SEBI/IMD/CIR No.16/2011/2011 and subsequent circulars require AMCs and registrars to dispatch a Consolidated Account Statement (CAS) to all investors:

How to fix a DP-related sell rejection on Zerodha

Tue, 12 May 2026 00:00:00 +0000

A DP (Depository Participant) sell rejection on Kite occurs when the system cannot authorise a debit from your demat account to deliver shares against a sell order. Since all equity delivery positions in India are held in dematerialised form with the depository (CDSL in Zerodha’s case), the demat debit authorisation is a mandatory step for every delivery sell.

There are two valid methods to authorise a demat debit at Zerodha: the TPIN + CDSL OTP flow (transaction-by-transaction, online), or the pre-authorised DDPI (Demat Debit and Pledge Instruction). The older Power of Attorney (POA) arrangement was phased out by SEBI in 2022 in favour of DDPI.

How to fix a missing holding after delivery on Zerodha

Tue, 12 May 2026 00:00:00 +0000

A buy order executed with the CNC (Cash and Carry) product code on Kite results in shares being credited to your demat account after settlement. Under India’s T+1 settlement cycle (effective January 2023 for most NSE and BSE equities), the shares are credited on the next trading day after the trade. If you do not see the shares in Kite’s Holdings section, the most common cause is that T+1 settlement has not yet completed.

How to merge two demat accounts on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Investors who have opened demat accounts at multiple brokers over the years often want to consolidate their holdings into a single account. This is a sound housekeeping practice that reduces annual maintenance charge (AMC) payments, simplifies portfolio tracking, and avoids dormancy-related complications at secondary accounts.

A direct merge of two demat accounts (where the accounts are combined into one under the same BO ID) is not possible under the SEBI Depositories and Participants Regulations, 2018, or under CDSL’s operational framework. Each demat account has a unique BO ID that cannot be combined with another. The correct approach to consolidation is to transfer all securities from secondary accounts to the primary account using off-market transfers, then close the secondary accounts.

How to pledge holdings for margin on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Pledging holdings for margin on Zerodha allows equity investors to use their long-term portfolio as collateral for futures and options (F&O) or intraday trading without liquidating investments. The mechanism is governed by SEBI’s September 2020 pledge circular, which mandated an explicit depository-level pledge rather than the older Power-of-Attorney transfer model. For conceptual background on how the pledge mechanism works, see Margin pledge mechanics on Zerodha and Pledge and collateral margin on Zerodha.

Step-by-step procedure

Log in to kite.zerodha.com using your Zerodha client ID and password, and authenticate with your TOTP. From the left navigation panel, click Holdings. The Holdings view lists all securities credited to your demat account, along with their current market value, average cost, unrealised P&L, and whether they are free or already pledged.

How to request a CMR / CML from Zerodha

Tue, 12 May 2026 00:00:00 +0000

A Client Master Report (CMR) – also called a Client Master List (CML) by some depositories – is a one-page document generated by a depository participant (DP) that provides a summary of the beneficial owner’s demat account details. It is issued under the CDSL / NSDL framework and carries the DP’s details alongside the client’s.

At Zerodha, the CMR contains:

Full name of the account holder(s)
16-digit CDSL BO ID
Zerodha DP ID (12081600)
PAN
Address as registered on the CDSL account
Bank account details linked to the demat account
Account type (individual, HUF, joint, etc.)
Account status (active, frozen, etc.)

The CMR is required as supporting documentation for a wide range of external processes: mutual fund SoA-to-demat conversions (as proof of demat account at the RTA), IEPF claims (Form IEPF-5), applying for IPO allotment in demat form at a different DP, and off-market transfer registrations with certain brokers.

How to unpledge holdings on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Unpledging holdings on Zerodha releases the lien created over your equity shares or ETFs at CDSL, converts the securities back to free delivery holdings, and withdraws the corresponding collateral margin from your trading account. The procedure is the reverse of the pledge process and is generally completed without requiring a separate CDSL TPIN OTP, since the instruction is from the client to the broker (a release instruction, rather than a creation instruction).

How to update your signature on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Your specimen signature is the signature on record with Zerodha and CDSL. It is used to verify physical instructions such as account closure forms, closure-cum-transfer requests, delivery instruction slips (DIS), and certain account modification forms. A signature that has changed over time (change in style, initials-based to full signature, or due to personal preference) must be updated to prevent rejection of physical instructions.

Unlike many other account modifications, signature updates at Zerodha do not have a self-service online route. They require a physical form submission by email (scanned) or courier. This guide explains the process.

Karvy Stock Broking pledge-misuse case (2019) and RTA implications

Tue, 12 May 2026 00:00:00 +0000

The Karvy Stock Broking pledge-misuse case of 2019 was one of the most significant broker-client securities fraud incidents in Indian capital market history. Karvy Stock Broking Limited (KSBL), one of India’s largest equity brokers by client account count, was found to have pledged client securities held in client demat accounts, without the knowledge or authorisation of those clients, with banks and NBFCs to raise loans for the benefit of Karvy group companies, including its real estate arm. The total unauthorised pledges amounted to approximately Rs 2,873 crore, affecting approximately 95,000 client accounts. The episode prompted emergency regulatory action by the Securities and Exchange Board of India, CDSL, and NSE, and raised specific governance concerns about the role of Karvy’s integrated registrar and transfer agent (RTA) business in the group’s operations.

Annual Maintenance Charge (AMC) at Zerodha

Mon, 11 May 2026 00:00:00 +0000

Overview

Zerodha charges an Annual Maintenance Charge (AMC) of Rs 300 plus 18 percent GST (total Rs 354) per year for maintenance of the CDSL demat account linked to each trading account. The AMC covers the cost of account upkeep, record maintenance, and the services provided by Zerodha as a depository participant (DP) registered with CDSL. It is a recurring annual charge that is debited from the client’s trading ledger balance on a yearly cycle.

CDSL (Central Depository Services Limited)

Mon, 11 May 2026 00:00:00 +0000

Central Depository Services (India) Limited (CDSL) is India’s second securities depository, established on 12 February 1999 under the Depositories Act, 1996, promoted principally by the Bombay Stock Exchange (BSE). CDSL holds securities in dematerialised (electronic) form on behalf of investors through a network of Depository Participants (DPs), providing custody, electronic transfer, pledge, and corporate action processing services for equity shares, bonds, government securities, mutual fund units, and other categories of securities.

Console Holdings report

Mon, 11 May 2026 00:00:00 +0000

Overview

The Console Holdings report is a snapshot of the securities held in a Zerodha client’s demat account at a given point in time. It is accessible through Zerodha Console and presents the client’s equity and ETF portfolio in a structured tabular format, showing quantity, average acquisition cost, current market price, market value, and unrealised gain or loss for each holding.

The Holdings report draws data from two sources: the depository participant (DP) records maintained by CDSL (or NSDL for accounts opened on the NSDL platform) and the average cost basis computed from the Tradebook. The combination produces a portfolio view that is both live (market prices update during trading hours) and historically informed (cost basis is maintained from the date of purchase).

Consolidated Account Statement (CAS) from CDSL

Mon, 11 May 2026 00:00:00 +0000

Overview

The Consolidated Account Statement (CAS) is a periodic statement issued jointly by CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited) that consolidates all securities holdings and transactions across every demat account linked to a single PAN. It is delivered by email to the investor’s registered address and represents the most comprehensive view of an investor’s demat portfolio – spanning all brokers, all segments, and in the case of demat-mode mutual fund units, all fund houses.

Demat account

Mon, 11 May 2026 00:00:00 +0000

A demat account (short for dematerialised account) is an electronic repository that holds an investor’s securities – shares, bonds, mutual fund units, government securities, exchange-traded funds, and sovereign gold bonds – in digital form rather than as physical certificates. In India, demat accounts are maintained by two central depositories, CDSL and NSDL, through a network of registered intermediaries called depository participants (DPs). Introduced following the Depositories Act 1996, the demat system eliminated the risks associated with physical share certificates – theft, forgery, loss in transit, and cumbersome transfer procedures – and became the foundation of modern Indian capital markets.

DP charges on Zerodha sell transactions

Mon, 11 May 2026 00:00:00 +0000

Overview

When shares held in a client’s CDSL demat account are sold on the stock exchange, the depository participant (DP) debits the securities from the account and instructs CDSL to transfer them to the clearing corporation for settlement. This debit operation triggers a depository participant charge. At Zerodha, the DP charge is Rs 13.50 per ISIN (unique security identifier) per day, plus 18 percent GST, making the total Rs 15.93 per ISIN per day.

Pledge and collateral margin on Zerodha

Mon, 11 May 2026 00:00:00 +0000

The pledge and collateral margin mechanism on Zerodha allows investors to use their demat account holdings, including equity shares, ETFs, and mutual fund units, as margin collateral for trading in the F&O segment, equity intraday (MIS), currency derivatives, and commodity derivatives. Instead of selling investments to fund margin requirements, investors pledge their holdings to Zerodha, which in turn re-pledges them to the clearing corporation as collateral. The holdings remain in the investor’s demat account at CDSL in a pledged state (encumbered but not transferred).

Power of attorney and DDPI transition

Mon, 11 May 2026 00:00:00 +0000

Overview

For most of the history of modern Indian securities markets, brokers obtained a power of attorney (POA) from clients as part of the account-opening process. The POA granted the broker broad authority to operate the client’s demat account, enabling the broker to debit shares for settlement of sale transactions without requiring the client to issue a separate instruction for each trade. While operationally convenient, the POA model created significant scope for misuse: brokers with POA access could, in principle, pledge or transfer client securities beyond the narrow purpose of settlement.

Statement of Holdings (SOH)

Mon, 11 May 2026 00:00:00 +0000

Overview

The Statement of Holdings (SOH) is a document issued by a depository – either CDSL (Central Depository Services Limited) or NSDL (National Securities Depository Limited) – through the client’s depository participant (DP, i.e., the stockbroker or bank acting as DP) that lists all securities currently credited to a specific demat account as of a given date. For clients of Zerodha, which acts as a DP with CDSL, the SOH is accessible through the CDSL Easi/Easiest portal and can also be requested through Zerodha Console.

Statement of Transactions (SOT)

Mon, 11 May 2026 00:00:00 +0000

Overview

The Statement of Transactions (SOT) is a document issued by a depository – CDSL or NSDL – through the depository participant (DP) that records every credit and debit of securities in a specific demat account during a chosen period. It is the demat account’s equivalent of a bank account statement, showing the movement of securities rather than cash. For Zerodha clients (whose accounts are on the CDSL platform in most cases), the SOT is available through the CDSL Easi portal and can also be generated through Zerodha Console.

Zerodha CDSL DP code (IN-DP-431-2019)

Mon, 11 May 2026 00:00:00 +0000

Zerodha Broking Limited is registered as a depository participant (DP) with Central Depository Services (India) Limited (CDSL) under DP code IN-DP-431-2019. This registration authorises Zerodha to open and maintain dematerialised securities accounts (demat accounts) for its clients and to interface with the CDSL depository infrastructure on their behalf. The DP registration is separate from and complementary to Zerodha’s SEBI stock broker registration (INZ000031633); the two licences together enable Zerodha to execute trades and hold the resulting securities positions for clients within a single integrated platform.

Zerodha Console

Mon, 11 May 2026 00:00:00 +0000

Zerodha Console is the back-office and portfolio-reporting portal operated by Zerodha, India’s largest stockbroker by active client count, and is accessible at console.zerodha.com. Console provides Zerodha clients with a consolidated view of their trading history, ledger statements, tax profit-and-loss reports, demat account statements, and account management functions. It serves as the administrative complement to Kite, which is Zerodha’s order-execution interface.

Console aggregates data across all segments in which a client trades, including NSE and BSE equities, equity futures and options, currency derivatives, commodity derivatives (MCX and NCDEX), and direct mutual fund units held through Zerodha Coin. The portal generates documents required for Indian income tax filing: the tradewise profit-and-loss report, the capital gains report covering both short-term and long-term gains, the F&O turnover statement for tax audit determination, and the full contract note archive going back to account opening.

Zerodha joint demat holders

Mon, 11 May 2026 00:00:00 +0000

Zerodha joint demat holders refers to the arrangement under which a demat account at Zerodha is opened in the names of two or three individuals jointly, as permitted under the Depositories Act, 1996 and the SEBI (Depositories and Participants) Regulations, 2018. In a joint demat account, up to three persons may hold securities in the account concurrently. The account is maintained by CDSL or NSDL under Zerodha’s depository participant (DP) registration. Joint demat accounts are commonly used by spouses, parents and adult children, or business partners who wish to co-own securities.

CDSL on WebNotes

CAS -- NSDL and CDSL versions for mutual funds

How to add a joint holder to a Zerodha demat account (limitations)

How to change your mobile number on Zerodha

Step 1: Log in to Zerodha Console

How to close a Zerodha account

Step 1: Settle all open positions and outstanding dues

How to convert physical shares to demat via Zerodha

How to dematerialise mutual fund SoA holdings

How to do a closure-cum-transfer of holdings at Zerodha

How to do a transmission of shares at Zerodha (death of holder)

How to download a Coin mutual fund statement

Prerequisites

Regulatory basis for mutual fund statements

How to fix a DP-related sell rejection on Zerodha

How to fix a missing holding after delivery on Zerodha

How to merge two demat accounts on Zerodha

How to pledge holdings for margin on Zerodha

Step-by-step procedure

Sign in to Kite and navigate to Holdings

How to request a CMR / CML from Zerodha

How to unpledge holdings on Zerodha

How to update your signature on Zerodha

Karvy Stock Broking pledge-misuse case (2019) and RTA implications

Annual Maintenance Charge (AMC) at Zerodha

Overview

CDSL (Central Depository Services Limited)

Console Holdings report

Overview

Consolidated Account Statement (CAS) from CDSL

Overview

Demat account

DP charges on Zerodha sell transactions

Overview

Pledge and collateral margin on Zerodha

Power of attorney and DDPI transition

Overview

Statement of Holdings (SOH)

Overview

Statement of Transactions (SOT)

Overview

Zerodha CDSL DP code (IN-DP-431-2019)

Zerodha Console

Zerodha joint demat holders