What is the meaning of Addition of Target Beneficiary in demat accounts ?

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• Who needs to follow the process of Addition of Target Beneficiary demat accounts ?

  Addition of Target Beneficiary demat accounts process needs to follow by the client (Transferor) for Addition / Registration of Target Demat Account (Transferee) as ‘Beneficiary’.

• Who needs to follow the process of Addition of Target Beneficiary demat accounts ?

  Addition of Target Beneficiary Demat accounts process need to follow by the client (Transferor) for Addition / Registration of Target Demat Account (Transferee) as ‘Beneficiary’

• Who needs to follow the process of Addition of Target Beneficiary demat accounts ?

  Process need to follow by the client (Transferor) for Addition / Registration of Target Demat Account (Transferee) as ‘Beneficiary’.

• Is the Addition of Target Beneficiary demat accounts process mandatory or Optional ?

  Addition of beneficiary target demat details will be mandatory and applicable for all types of OFF MARKET TRANSFER REASON CODE available in NSDL/CDSL system from January 1, 2024.

• Is the Addition of Target Beneficiary demat accounts process mandatory or Optional ?

  Addition of beneficiary target demat details will be mandatory and applicable for all types of OFF MARKET TRANSFER REASON CODE available in NSDL/CDSL system from January 1, 2024.