General
Can I transfer shares to an ICICI Bank Demat account?
Yes, shares can be transferred to an ICICI Bank Demat account through online and offline modes.
The process of transferring shares may vary based on the type of depository where the demat account is held (CDSL or NSDL).
The transfer process for both modes is explained in detail below.
Online Share Transfer Process
Currently, the process for online share transfer is available when both accounts are held with CDSL
A. Steps for CDSL to CDSL Share Transfer (via CDSL Easiest)
Follow the steps below to transfer shares online when both your existing demat account and ICICI Bank Demat account are held with CDSL.
Step 1: Register for CDSL Easiest
Register for CDSL Easiest Facility in the demat account from which you want to transfer shares.
1. You can register for CDSL’s Easiest Facility through the below link: https://web.cdslindia.com/myeasitoken/Home/EasiestRegistration
2. Enter your DP ID and Client ID of your existing demat account. You can find these details on the broker’s platform/DP platform where you hold your demat account.
- First 8 digits = DP ID
- Next 8 digits = Client ID
3. Click on the checkbox to accept the Terms & Conditions and continue.
4. Enter the OTP sent to your registered mobile number and email.
5. Fill in your account details, create a username, select Account Type: Trusted Account (PIN), choose a security question and answer, and continue.
6. Registration completes here. Your broker/DP may take up to one day to authenticate it. You will receive the password by email.
7. Log in using your username and emailed password → Enter OTP → Validate.
8. Create a new password and submit. Log in again with your new password and OTP.
9. Go to Miscellaneous → Reset PIN → Answer the security question → Submit. PIN will be emailed to you.
10. Now go to Miscellaneous → Edit Trusted Account → Add Trusted Account.
11. Enter the BO ID (16-digit demat account number) of your ICICI Bank demat account.
To find your ICICI Bank demat account number:
Log into ICICIdirect: https://secure.icicidirect.com/customer/login
Click on your Client ID (top right). Your 16-digit demat number will be shown under your name.
You can also obtain your Demat Account number by logging into your account through the ICICI Bank website link: https://retailnetbanking.icici.bank.in/login-page
12. Enter this demat number in the BO ID field and submit.
13. The status will show Pending for Authentication until linking is completed.
Step 2: Link the BO ID
1. Go to Transaction → BO Linking Setup.
2. Enter the Buyer BO details, your PAN, and submit.
3. You will receive an email from CDSL with an authentication link — click it.
4. Enter your PAN and demat account number → Submit.
5. Review seller and buyer details → Generate OTP → Accept.
6. Log in again and check Transaction → BO Linking → BO Linking Inquiry and Delink.
The status should now show Verified.
Once this is done, you can initiate share transfer.
Step 3: Steps to Transfer Shares
1. Log in to your CDSL Easiest account.
2. Go to Miscellaneous → Edit Trusted Account and confirm the status is Authenticated by DP. If not, contact your broker.
3. Go to Transaction → Setup and enter the details:
A. Counter BO ID: Demat number of the receiving account
B. Execution Date:
- Same day if during market hours
- Next working day if outside market hours
C. Entity Identifier: Select NA
4. Under ISIN Details, click “+” and fill in:
A. ISIN (12-digit stock code; viewable under Account ISIN)
B. Quantity
C. Consideration Amount (can be 0)
D. Reason for Trade. Click OK.
5. Add more ISINs if needed by clicking on the “+” button.
6. Click Verify → OK.
7. On the Transaction List page, select the checkboxes → Commit → Enter OTP and PIN.
Your shares will be transferred within two days.
B. Steps for NSDL to NSDL Share Transfer (Account Closure-cum-transfer)
For transferring shares between NSDL accounts, the same can be done online by submitting an account closure-cum-transfer request.
Follow the steps below to transfer shares when both the source and target demat accounts are held with NSDL and the source account is being closed:
1. Visit the NSDL account transfer link: https://eservices.nsdl.com/iat-web/#/acc-transfer. Accept the Terms & Conditions.
2. Select Account Closure-cum-transfer and choose Single/Joint Holder.
3. Enter the Source DP ID & Client ID.
4. Enter the Target DP ID & Client ID.
5. Complete e-Sign and Aadhaar/VID OTP authentication.
6. Submit the request and download the acknowledgment PDF.
Offline share transfer process
Through the offline process, share transfer can be done by submitting a Delivery Instruction Slip (DIS) or closure-cum-transfer of shares.
A. Steps for Shares Transfer using Delivery Instruction Slip (Applicable for both intra-depository and inter-depository transfers)
Suppose you want to transfer shares from 'Broker A' to 'ICICI Demat account', then follow the steps below to transfer shares using DIS:
1. Obtain a Delivery Instruction Slip (DIS) from your current DP.
2. Fill the following details:
a. DP ID and Client ID (usually pre-filled)
b. Share details: ISIN and quantity of shares to be transferred
c. Target account details: Client ID of the receiving demat account and name of the receiving DP
d. Transfer mode:
i. Off-market for same-depository transfers
ii. Inter-depository for NSDL ↔ CDSL transfers
e. Reason for transfer and consideration amount (if any)
3. Sign the DIS (signature must match DP records).
4. Submit the DIS to your DP.
5. The DP will forward it to the depository for verification.
6. Collect the acknowledgment slip and wait 3–5 working days for shares to get transferred.
B. Steps for Closure-cum-transfer of shares
Refer to the steps outlined below for closure-cum-transfer of shares:
1. Complete and sign the Demat Closure-cum-transfer form.
2. Provide the Account holder and Target Demat Account details.
3. Attach the Client Master Report (CMR/CML) of the ICICI Bank Demat account.
4. Submit or courier the form to your current Depository Participant (DP). Note that no transfer charges apply under this method.