Transferring Securities to HDFC Sky Demat Account via CDSL Easiest
To transfer securities from your HDFC Securities account to your HDFC Sky demat account using "CDSL Easiest," follow these steps:
a.Register on the CDSL platform. You can find instructions on how to do this, such as "How to register for CDSL Easiest using the HDFC Securities demat account?"
b. Log in to web.cdslindia.com/myeasitoken/home/login and click on "Setup" under "Transactions."
c. Click on "Bulk Setup."
d. Select "Transaction" and specify the execution date. Enter the Beneficiary Owner ID (BOID) of the person to whom the securities will be transferred. Make sure to add a trusted beneficiary account if needed.
e. Click on "Account ISINs" and select the ISINs (securities) in your holdings. Enter the quantity and specify the reason for the trade.
f. If the off-market transfer involves a consideration (money), you may need to pay stamp duty to CDSL online before making the transfer.
g. Submit the request.
h. Verify the request. Certain details like Exchange ID, Counter Party Exchange ID, Market Type, Counter Party Market Type, Settlement ID, and Counter Settlement ID may not need to be filled for off-market transactions.
i. Commit the request and enter the OTP received on your registered mobile number and email.
j. Enter the 8-digit alphanumeric CDSL Easiest PIN received on your registered email ID. Note that this is not the 6-digit CDSL TPIN. If you're a first-time user, you may need to change the default PIN.
After completing these steps, the request will be sent to the Depository Participant (DP) for confirmation. Once approved, the transfer will be executed.
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