How can I transfer securities using a DIS? How do I fill a DIS?
A DIS is filled based on the transaction type. View our respective articles: Off Market Transfer : Off-market transactions involving NSDL and CDSL will be processed only if the Demat Account of the Buyer (Transferee Account) is registered as a Beneficiary under the Demat Account of the Seller (Transferor Account). Seller clients now have the flexibility to register the buyer's account as a beneficiary through Geojit Financial Services Ltd or their SPEED e-login. For those opting to use Geojit, the procedure to register the buyer account as a beneficiary is as follows:
- The seller client must complete and submit the 'Registration Form,' ensuring it is duly signed and filled.
- Provide essential details in the registration form, including the seller Demat account, buyer Demat account, buyer PAN, buyer PAN exemption flag (if applicable), and buyer account's depository flag (CDSL/NSDL)
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