Which mobile & email used for Otp Authentication for Add Target Beneficiary demat accounts.?

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• How Client can add the Target Beneficiary in CDSL demat accounts ?

  A. Client can Add / Register Target Demat Account as ‘Beneficiary’ through their Easi / Easiest Login. B. Otherwise, Client has to submit Registration Form (format enclosed as Annexure - CDSL) to DP for addition / registration of target demat a/c as ...

• How Client can add the Target Beneficiary in NSDL demat accounts ?

  A. Client shall initiate the request for addition of target beneficiary demat account(s) by submitting physical form (enclosed as Annexure) to its DP. B. Client shall login to NSDL SPEED-e Portal using password or e-token based option and click on ...

• 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’.

• Is the addition of Target Beneficiary demat accounts similar to add beneficiary accounts where funds are getting transferred ?

  Yes, In simple analogy of banking, it is like before you do a fund transfer through RTGS/NEFT from your bank account, you need to add a beneficiary account where funds are getting transferred.

• 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.