How to gift stocks & securities to relatives using CDSL easiest?

To gift stocks & securities, you would need a CDSL easiest account because the CDSL easi account does not support the transfer. See How to upgrade from Myeasi to Myeasiest?

If you do not have the CDSL easiest account, then a new account should be created. See,How to register for CDSL easiest using the ATS demat account?

How to add/ delete/ update a trusted account on CDSL easiest?

Once you have registered in CDSL easiest and added your relative’s demat account as a ‘Trusted Account’, you can follow the steps below:

• Log in to CDSL easiest and select ‘Setup’ on the Transaction Tab.
• Click on the bulk setup option.
• Under the ‘Transaction’ tab, enter the execution date (today’s date) and select the Counter BOID (the relative account to which to want to transfer the shares). Select ‘NA’ from the drop-down in the Entity Identifier.

• Now, under ISIN details, click on ‘+’ icon and go to Account ISIN’s. You can see the list of all the holdings. Select the ISIN that you want to transfer, enter the quantity, and select the reason for trade as ‘Transfer between specific family members’ also, select the relationship with a family member to whom you are transferring. DO NOT PUT ANYTHING ON CONSIDERATION AMOUNT.
  

  NOTE: If your off-market transfer is not a gift or self-transfer and involves consideration, you will need to pay the stamp duty charges to CDSL before making the transfer as per the applicable rate. (pdf)

• After clicking OK, you can see the list of shares that you have added for transfer. If you want to add more than one ISIN, repeat the 4th step again. Now, click on the ‘Verify’ button.
• After verifying, you will get a message containing your Transaction ID. Click on OK.

• Select all the shares and click on the ‘Commit’ button and enter the OTP received on your registered mobile number and email address.
• Enter your CDSL Easiest Pin. This is the pin that you received on your registered mail id at the time of registering on CDSL easiest.

• After this, you will receive the confirmation message: ‘Authenticated successfully,’ and now your process of gifting of share transfer is completed.

POINTS TO BE NOTED

• To avoid rejection on the gifting of shares, do not sell shares that are being transferred before the approval of easiest transaction. The share transfer will also be rejected if the balance in the trading account is negative.

• The charges to transfer shares for the purpose of gifting are 0.03% of the transfer value or ₹25 per ISIN, whichever is higher, plus 18% GST. Check the charges page for more details

• Please note down the average buy price of the shares that you want to gift, in advance. Because CDSL does not maintain records of the buy price of the shares. Therefore, when you gift the shares to your relative, your relative’s broker will be having no clue about your buy price. So, to update the buy price on new broker’s portal, your relative need to communicate this buy price with his broker.