Transferring Within NSDL (NSDL → NSDL)

When This Applies:

Your old broker uses NSDL AND Kotak (which uses NSDL) – Both accounts are in the same depository.

Online Transfer via NSDL Speed-e (Fastest & Easiest) ⭐

NSDL Speed-e is an online system for transferring shares between NSDL accounts. It’s fast, secure, paperless, and completely digital.

Step 1: Register for NSDL Speed-e (One-Time Setup)

Visit NSDL e-Services:

1. Go to: https://eservices.nsdl.com

2. Look for: “Speed-e Registration” or “New User Registration”

3. Select: “Password User'' (not Smart Card)

4. Click: “Register”

Fill in Your Details:

• Your DP ID: (Your old broker’s DP ID, e.g., CDSL participant code if applicable, or NSDL if applicable)
  

• Your Client ID: 8-digit number
  

• Email Address: Your registered email with old broker
  

• Mobile Number: Your registered mobile with old broker
  

• Create Password: Your chosen Speed-e password (remember this)
  

What Happens Next:

1. Download the filled registration form (PDF)

2. Send this form to: speede@nsdl.co.in from your registered email address

3. Your old broker’s DP will verify and approve within 1-2 working days

4. You’ll receive an email with your Speed-e login credentials

Save Your Speed-e Login Credentials:

• User ID: (provided by NSDL)

• Password: (your created password)

• Keep these safe – you’ll use them to initiate transfers

Step 2: Log Into NSDL Speed-e

1. Go to: https://eservices.nsdl.com

2. Click: “Speed-e” or “Existing User Login”

3. Enter: Your User ID and Password

4. Complete OTP verification (sent to your registered mobile/email)

5. You should now see your demat account dashboard

Step 3: Add Kotak as a Beneficiary (One-Time)

Before you can transfer shares to Kotak, you must pre-authorize Kotak’s account as a trusted beneficiary:

In Speed-e Dashboard:

1. Go to: Inquiries → Add Beneficiary (NSDL)

2.Enter the following details:

• DP ID (of target): IN300214 (Kotak’s NSDL DP ID)
• Client ID (of target): Your 8-digit Kotak demat number
• Your PAN: (Should auto-fill; must match your source account)

3.Click: Submit

4.Verify with OTP:

• NSDL will send an OTP to your registered mobile/email

• Enter the OTP to confirm

• You should see a success message: “Beneficiary added successfully”

From now on, you can transfer to Kotak anytime without re-adding.

Step 4: Initiate the Share Transfer

In Speed-e Dashboard:

1. Go to: Transactions → Submit Instruction → Delivery to Client

2.Fill in the transfer details:

Execution Date:

• Today’s date (if submitted before 6 PM on a working day)

• Or tomorrow/future date

Target Account Details:

• Counter BO ID: Select your Kotak account from the dropdown (you added it as a beneficiary)

• Or manually enter: Kotak’s DP ID (IN300214) + Your Client ID

Securities to Transfer:

• ISIN: Select the stock code (dropdown will show your holdings)

• Quantity: Number of shares to transfer

• Repeat for each stock you want to transfer

Reason for Transfer:

• Select: “Transfer to own account” or “Own Account Transfer”

• Leave “Consideration Amount” as 0 – no money involved

3.Click: Submit

Step 5: Confirm and Receive Confirmation Number

Review Screen:

• Double-check all details (stocks, quantities, target account)

• Verify ISIN codes are correct

• Ensure quantities don’t exceed your holdings

Confirm:

1. Click: Confirm

2. Enter OTP sent to your mobile/email

3. You should see: “Instruction submitted successfully”

4. Note down your Instruction Reference Number (for tracking)

Step 6: Track the Transfer Status

In Speed-e:

1. Go to: View/Track Instruction → Delivery to Client

2.Enter your Instruction Reference Number

3.Check status:

• Pending: Instruction received, awaiting processing

• Executed: Transfer completed

• Failed: Contact NSDL support

Expected Timeline:

• Usually executes in 2-3 days

• You’ll receive an SMS/email from NSDL when completed

Step 7: Verify in Your Kotak Account

Once transferred (check your SMS/email notification):

1. Log in to Kotak Neo app/website
   
2. Go to: Portfolio → Investments
   
3. Verify the transferred shares appear
   
4. Check the quantity matches what you transferred
   

✓Transfer Complete! The shares have moved from your old account to Kotak.