How can I transfer my HDFC Securities holding to HDFC SKY?

How can I transfer my HDFC Securities holding to HDFC SKY?

You have the convenient option to transfer your holdings from your HDFC Securities Ltd. demat account to your HDFC SKY demat account via the "CDSL Easiest" method.
OR
You can transfer the same by submitting physical "Demat closure cum transfer form” through which your HDFC Securities demat account will be closed and securities will be transferred.

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:
1. Register on the CDSL platform.
      How to register for CDSL Easiest using the HDFC Securities demat account?

      Visit web.cdslindia.com/myeasitoken/home/login.
  1. Demat details: Enter the 8-digit DP ID followed by the 8-digit demat client ID or BO ID and click on Continue.
  2. OTP: Enter OTP received on the registered mobile number and click on Continue.
  3. Account details: In the account details section, enter the preferred username, answer the security question, select the Trusted Account checkbox and click on Continue. There are two Account type:
    1. Trusted Details: Enter the trusted account details, i.e., a 16-digit demat ID of the CDSL account where stocks need to be transferred and click on Continue.
    2. Grouping: This is an optional step. If existing CDSL demat accounts are held with other brokers, they can be grouped using this option, since the BO IDs will be pre-approved. If the existing CDSL demat account needs to be added as a trusted account, select the BO ID and click on Continue, or skip the step by clicking on Continue without selecting the BO ID.

2. Log in to web.cdslindia.com/myeasitoken/home/login and click on "Setup" under "Transactions."
      
Click on "Bulk Setup."
3. 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
4. Click on "Account ISINs" and select the ISINs (securities) in your holdings. Enter the quantity and specify the reason        for the trade.
5. If the off-market transfer involves a consideration (money), you may need to pay stamp duty to CDSL online before        making the transfer.
6. Submit the request.
7. Verify the request. Certain details like Exchange ID, Counter Party Exchange ID, Market Type, Counter PartyMarket Type, Settlement ID, and Counter Settlement ID may not need to be filled for off-market transactions.
8. Commit the request and enter the OTP received on your registered mobile number and email.
9. 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.

    • Related Articles

    • Why can't I open HDFC SKY account if I already have existing HDFC Securities account?

      According to SEBI regulations, a client is not allowed to have two trading accounts under the same broking house. HDFC SKY is part of the HDFC Securities group, so clients are required to choose and hold an account with either HDFC SKY or HDFC ...

    • How can I switch to HDFC SKY?

      To initiate the switch, you first need to close your HDFC Securities account. You can do this online by visiting the HDFC Securities e-closure Watch video on HDFC Securities E-closure process If your demat account is with HDFC Securities Ltd., it's ...

    • Will HDFC SKY sell these securities at the time of shortfall?

      Yes, HDFC SKY may sell these securities to cover any losses or shortfall.

    • Charges Explained at HDFC SKY!

      Securities/Commodities transaction tax Tax by the government when transacting on the exchanges. Charged on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O. When trading at HDFC SKY, ...

    • How can I access my Holding statement on HDFC SKY App?

      Following is the process - Head over to the SKY App and click on your "Profile". Now, Click on "Backoffice". Then, Click on the "Reports" Tab. There you have your "Contract Notes", Click on that and choose the Date and click on "Send to email". ...