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