What is a DP Transfer?
- Updated: 22 May 2026, 5:16 PM IST
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A DP Transfer (also called Off-Market Transfer) allows you to move specific holdings from your old demat account to your Kotak account without closing your old account. Your old account remains open and active.
This is an “off-market” transfer because no exchange trade is involved – it’s a direct account-to-account transfer of securities.
When to Use DP Transfer:
✓ You want to keep your old demat account open
✓ You’re moving certain holdings or all holdings without closing your old demat account
✓ You’re consolidating holdings from multiple brokers
✓ You want to test the Kotak platform before fully switching
✓ You have holdings you want to keep separate
Cost of DP Transfer:
Broker Fee: ₹25–100 per ISIN (varies by broker)
Depository Fee: Included in broker fee (NSDL/CDSL don’t charge separately)
Stamp Duty: Generally, zero for self-transfers (your holdings moving to your own account) - Only applies if you’re selling the shares to another PAN with monetary consideration.
Summary: Which Method to Choose?
NSDL → NSDL If you want fastest and simplest method | Online | 2 days | Low |
NSDL → NSDL If you prefer offline | DIS Offline | 2-4 days | Low |
CDSL → NSDL If it is one-time and you prefer simplest method | DIS Offline | 3-5 days | Low |
CDSL → NSDL If you initiate frequent transfers (complex and time consuming) | Online | 15-20 days | High |
FEES, CHARGES & STAMP DUTY
Broker Fee | ₹0 (usually free for incoming) | ₹25–100 per ISIN | ₹25–50 per ISIN |
Depository Fee | ₹0 (included) | ₹0 (included) | Included |
Stamp Duty | ₹0 (own-to-own) | ₹0 (own-to-own) | ₹0 (own-to-own) |
Per ISIN Cost | ₹0–50 | ₹0–50 | ₹50–100 |
One-time Cost | Nil | Nil | ₹2,500–3,500 (DSC) |
First Transfer Cost | ₹0–50 | ₹50–500 (depends on stocks) | ₹2,600–3,600 |
Best For | NSDL → NSDL online transfer | Offline / form-based transfer | CDSL ↔ NSDL online transfer |
Preferred Transfer Processes
NSDL → NSDL Transfer: Use Online Transfer via NSDL Speed-e
CDSL → NSDL Transfer: Use Offline Transfer via DIS Slip
Other Transfer Processes
(In case the preferred methods are not available)
NSDL → NSDL Transfer: Use Offline Transfer via DIS
CDSL → NSDL Transfer: Use Online Transfer via CDSL Easiest
✓ Completely online (24×7 access) | ✓ No need for digital certificates (DSC) |
✓ Usually completes within 3-5 days | ✓ No technical setup required |
✓ No paperwork or courier needed | ✓ Much cheaper than online method |
✓ Secure and transparent | ✓ Simple one-time process |
✓ NSDL’s official facility | ✓ Works reliably |
If you prefer offline methods, use a Delivery Instruction Slip (DIS). | ⚠️ Note: This method requires a Digital Signature Certificate (DSC), which costs ₹2,500+ and involves more technical setup. Only recommended if you plan frequent transfers. |
The content in this blog is intended purely for educational purposes. Any securities or mutual funds referenced are illustrative in nature and do not constitute a recommendation or endorsement by Kotak Neo. Investors are encouraged to assess their own financial situation and seek professional advice before making any investment decisions. For compliance T&C and disclaimers, Visit https://www.kotakneo.com/disclaimer/
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Kotak Neo (Kotak Neo) is India's venerable stockbroking company with a rich legacy. It offers comprehensive investment services across asset classes, prioritising a technology-first approach for a seamless experience. Trusted by 5 million+ customers, it guides you toward financial success with ease of investment and speed of trade.
Note: The opinions expressed in this blog are personal viewpoints and should not be construed as recommendations.
