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How can I transfer shares from my Kotak Securities demat account to another demat account offline?

You can transfer shares from your Kotak Securities account to another NSDL/CDSL demat account by submitting the DIS (depository instruction slip) to our office.

Once your DIS is received, we will commence the transfer process. The Depository (NSDL/CDSL) will send a link to your registered email ID and mobile number. You will also be sent an OTP. To complete the transfer, you will need to provide the OTP on the link that is sent by the NSDL/CDSL before 9pm on the executed date.

Note:

Please note that you are required to submit a request to KSL in attached format (NSDL form) (CDSL form) in order to add a beneficiary to your demat account for the purpose of off market transfer. Upon submitting the request, KSL shall submit the information to your Depository. The Depository shall thereafter send you a link on registered email and mobile number and you are required to authenticate it via OTP. Only post completing these steps your beneficiary will be recorded in the Depository. Kindly note that any off market transfer shall not be processed unless the beneficiary is added by you. You may read the circulars here (NSDL circular) (CDSL circular).

  • When a direct transfer is made from one demat account to another, it is known as an off-market transfer. There are different reasons why investors would want to make an off-market transfer.

The table below is the List of Reason Codes for off Market /Inter Depository Instructions

Reason Code Reason/purpose
1
Off - market Sale
2
Margin to stock broker /PCM
3
Margin returned by stock-broker/PCM
4
Transfer to own account
12
Buy -back
13
Open Offer for Acquistion
14
Redemption of Mutual Fund Units
15
Transposition- between joint account of same holders
16
Merger /Demerger of corporate entity
17
Dissolution/Restructuring /Winding up of Partnership Firm Trust
18
Conversion of Depository Receipt(DR) to underlying securities and vice versa
19
Trust to Beneficiaries /On HUF dissolution to Karta& Coparceners
20
Certificate of Deposit Redemption
22
Commercial Paper Issuance
88
Transfer Between Minor Account and Gaurdian Account
89
Transfer beween Specified family members
Sub -Code of 89
01-- Spouse
02-- Father (including step father)
03-- Mother (including step mother)
04-- Son (including step son)
05-- Sons wife
06-- Daughter
07-- Daughter husband
08-- Brother (including step brother)
09-- Sister(including step sister)
10-- Member of same HUF
90
Transfer between Partner and Firm, or Director and Company
91
Payout - On payment for unpaid securities
92
Gift
93
Donation
94
Refund of securities by IEPF Authority
95
ESOP/Transfer to employee
96
Implementation of Govt . /Regulatory Direction /Orders
97
Errorneous Transfer pertaining to Client Securites
98
Meeting Legitimate Dues of Stock Broker

  • If you want to make an off-market sale, you have to fill out the Annexure for DIS and send it along with your DIS. It is compulsory to fill the payment details.

  • For an off-market sale, stamp duty is applicable.

  • Off-market, transfer charges will be applicable according to the agreed DP bill tariff.

  • Shares/Mutual Funds holdings that are in free units can be transferred through this process.

  • Shares/Mutual Funds holdings that are under lock-in can’t be transferred using this process.

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