If you want to close your Upstox account, but don’t want to sell your holdings. Then just transfer your shares to another Demat and Close your Upstox Account.
In this article I am going to explain, ‘How to Transfer Shares from Upstox to Zerodha?’ the process is very simple yet tricky.
You have to follow the below steps so that you can Transfer your Stocks from Upstox to Zerodha without any problem.
How to Transfer Shares from Upstox to Zerodha?
To transfer your shares from Upstox to Zerodha, you can use the offline method.
Follow these steps to transfer Shares from Upstox to Zerodha:
- First of all, you have to click on the Get Upstox DIS Booklet Link. Then Download the DIS Form, and Take a Print of it.
- After that, you have to Fill in all the required details of the Stocks, that you wish to transfer from Upstox to Zerodha.
- Then courier the Upstox DIS Booklet to the Upstox Corporate Office, located in West Mumbai. Courier Address – 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai – 400013.
- After you send the DIS Booklet Form, You have to Raise a Ticket so that your DIS Booklet will Approve quickly.
- When Upstox Receives your DIS Booklet, for security reasons, they will coordinate with CDSL and then a one-time password will be generated.
- You have to personally validate the share transfer, if you don’t validate your OTP then you have to repeat the whole process.
- After successfully validating The OTP, Your Shares will be transferred from Upstox to Zerodha in the next 24 hours.
- When the process is completed, you have to pay a Nominal Depository Charge. After that shares will be visible to your Zerodha Demat Account.
Frequently Asked Questions
Can I transfer shares from Upstox to Zerodha online?
Yes, you can transfer your shares from Upstox to Zerodha Online, using CDSL Easiest Fascility.
How to transfer shares from the Upstox demat account?
You can use the offline method to transfer shares From Upstox to any other Demat Account by submitting the DIS Booklet Form. (All the step-by-step guide is explained in the above article)
How to close Upstox account and transfer shares?
For Closing the Upstox account, You can read my special article about How to close the Upstox account. And to Transfer shares after that is explained in this article.
Can I give shares as a gift to someone?
Yes, you can give Stocks as a gift to anyone by just transferring to them. But the receiver must have a Demat Account, otherwise the person can’t accept your shares.