Yes, we can transfer shares from NSDL to CDSL demat account. The transfer of securities from an account in NSDL, to an account in CDSL is called an inter-depository transfer. You have to contact your stock broker whom you have your NSDL Demat Account to being the transfer.
Features of Inter-Depository transfers
- An inter-depository transfer can be done only for securities which can be stored in the electronic form in both the depositories.
- For debiting the account with NSDL, an investor submits the 'Inter-depository delivery instruction' form to the DP.
- For crediting the account, standing instructions for automatically crediting the account are applicable. If not, an investor should submit the 'Inter-Depository Receipt Instruction' form to the DP.
- Inter - depository transfers happen on each working day.
- In the online inter-depository transfer (OLIDT) module, Inter-Depository Transfer instructions for the day are exchanged online between the two depositories.
- Government securities cannot be transferred from one depository to another using this facility.
