Off-Market Transfer on WebNotes

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 an off-market transfer to a family member via Zerodha

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

Transferring shares from your Zerodha demat account to a family member’s demat account is a common estate-planning and gifting transaction. Under the Income Tax Act, 1961, a transfer of securities at nil consideration (gift) from one individual to a relative is exempt from the provisions of Section 56(2)(x) (gifts taxable as income). Relatives include spouses, siblings, parents, children, in-laws, and certain other lineal descendants as defined in the Act.

The technical process is an off-market transfer executed through CDSL Easiest, identical to a broker-switch transfer except that the target BO ID belongs to a different person rather than the same person at a different broker.

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 transfer shares from another broker to Zerodha (CDSL Easiest)

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

This guide explains how to transfer equity shares from any CDSL-based demat account to your Zerodha demat account using the CDSL Easiest online platform. The transfer is an off-market instruction (no stock exchange involvement) and is the standard method for moving holdings when changing brokers or consolidating demat accounts.

Zerodha is a depository participant (DP) of CDSL. Its BO (beneficial owner) IDs begin with the CDSL depository ID 12081600 followed by eight digits.

How to transfer shares from Zerodha to another broker

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

This guide explains how to transfer equity shares out of your Zerodha demat account to another broker’s demat account. The transfer is executed as an off-market transaction through CDSL’s Easiest platform. Zerodha holds all client demat accounts at CDSL; the target broker may be another CDSL participant or an NSDL participant (which requires an inter-depository transfer).

Before you begin

Confirm that the shares you want to transfer are not pledged for margin at Zerodha. Pledged shares must be unpledged first. Go to Console > Portfolio > Holdings and check the pledge status.
Confirm that the shares are not under a lock-in (IPO allotment lock-in, ESOP vesting lock-in, or bonus lock-in). Locked-in securities cannot be transferred until the lock-in expires.
Ensure you have your Zerodha 16-digit BO ID (available at Console > Profile > Demat account).
Ensure you have the target broker’s 16-digit BO ID. For CDSL targets, the BO ID starts with the DP’s 8-digit DP ID. For NSDL targets, the format differs; request the target’s DP ID + client ID combination.
Off-market transfers do not require DDPI (Demat Debit and Pledge Instruction) authorisation at Zerodha; they are self-initiated through CDSL Easiest.

Step 1: Find your Zerodha BO ID

Log in to Zerodha Console and go to Profile > Demat account. Your 16-digit CDSL BO ID is displayed there. You can also find it on the CMR (Client Master Report); see How to request a CMR / CML from Zerodha.

Off-market transfer charges at Zerodha

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

Overview

An off-market transfer is the movement of securities from one demat account to another without involvement of a stock exchange. Unlike exchange-settled trades (where the clearing corporation facilitates delivery), off-market transfers are direct demat-to-demat instructions settled through the depository (CDSL or NSDL) alone. Common scenarios include transferring shares as a gift, inheritance, restructuring of holdings between family members, or consolidating holdings from multiple demat accounts.

At Zerodha, off-market transfers from a client’s CDSL demat account carry a charge of Rs 25 per instruction or 0.03 percent of the transfer value, whichever is higher, plus 18 percent GST. This charge applies to both transfers initiated via the CDSL easiest portal and those processed through physical Delivery Instruction Slips (DIS) submitted to Zerodha.