Shares Payout
Client can delete the added Target Beneficiary Demat Accounts ?
Yes, Clients will also be provided an option to ‘Delete’ the already added ‘Beneficiary’ account(s) by submitting the request letter .
Registration of a Transferee account will be a One time ACTIVITY or client need to submit the same for every off market transaction ?
For every successful registration, Transferee account details would be stored as ‘Beneficiary’ under client demat account. Registration of a Transferee account will be a One time ACTIVITY & client not need to submit the request again for add same ...
Which mobile & email used for Otp Authentication for Add Target Beneficiary demat accounts.?
For OTP Authentication, Depository will generate and send an OTP on client’s mobile number and email id registered in the demat account.
Is there any process needed to follow by client post the submission of request for Addition of Target Beneficiary demat accounts to DP ?
Yes . NSDL/CDSL Depository system would send a link on the mobile number and email id registered in the client demat account for the verification of Transferee (s) account details. By clicking the said link, the client would be prompted to enter his ...
What's needed to mandatory filled -up on the Addition of Target Beneficiary demat account forms ?
While submitting the Registration Form client has to fill all the details viz. Client demat account, Target (Transferee) demat account, Target (Transferee) PAN in the registration form & need to be signed by all Account holder's .
What is the address for dispatch physical request letter of Addition of Target Beneficiary demat accounts?
Client has to submit Registration Form (format enclosed as (Annexure – NSDL) and (Annexure – CDSL), to RM / Branch or send the duly filled-in form to – IIFL Securities Limited, 701, Ackruti Centre Point, Central Road, Marol MIDC, Andheri (East), ...
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 ...
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.
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.
What is the meaning of " Off Market " ?
Off-market is the instruction to transfer stocks between 2 parties without involving Exchange.
What is the meaning of Addition of Target Beneficiary in demat accounts ?
With effect from January 1, 2024, Intra-depository (i.e. within CDSL/NSDL) or Inter-depository (between the Depositories CDSL & NSDL) off-market transactions, will be considered for execution only if Demat Account of Transferee (to account where ...
What is the procedure for getting new delivery instruction slip?
For issuance of a new Delivery Instruction Book, please follow below process: Through IIFL Mobile App: 1.Login to mobile app. 2.Select My Reports. 3.Issue DIS 4.Check your DP detail 5. Select Issuance Type and click on Slip Request. 6.You will ...
What is delivery instruction slip and what is it's purpose
Delivery Instruction Slip (DIS) is an instrument to get shares transferred electronically from one account to another within the same Depository or Inter-Depository.
How client transfer shares from my IIFL account to out side Demat account or another IIFL Demat account?
Client can send the requests of transferring shares from one Demat account to another by filling Delivery Instruction Slip (DIS). Client can submit the DIS at the nearest IIFL branch or to RM or send directly at the below mentioned address: Submit ...