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How do I Transfer Shares from Another Demat Account to Groww

Demat?

23 December 2021

Greetings investors! Hope you have checked out the Groww

stocks platform and have opened your account already.

Wouldn’t it be great if you had all your holdings at one place

for an easy trading experience? The good news is, once you
have opened your Demat account at Groww, you can transfer

shares from your Demat accounts with other brokers to

Groww by following the off-market transfer process.

Here’s a step by step guide to help you. Read on!

Before we begin make sure you have the Client Master report

which has the details of the client ID and Demat account

from the broker you have a Demat account with. Also, keep

the CMR you received from Groww handy.

the CMR you received from Groww handy.

Registration for Easiest on CDSL ( Easiest is CDSL’s internet

based facility)

Step 1: Go to cdslindia.com and click on “Login to-New

system Myeasi (BO/CM) :

Step 2: Click on ‘To register for easiest click here’

Step 3: Enter your Client ID and DP ID. Please note, this client

ID and DP ID is the one you have received from the external

broker and not that of Groww. The Wrst eight digits of your

Demat number are the same as your DP-ID and the next eight
Demat number are the same as your DP-ID and the next eight
numbers are the same as your Client ID. 

Step 4: An OTP will go to your registered mobile number.

Enter the OTP and click on Continue to proceed.

Step 5: Fill the necessary details and then select the account
type as ‘Trusted Account (PIN) to continue
:
Step 6: In this screen, you need to enter your Trusted account

details.Trusted means details of the broker you are

transferring the shares to.So here, you are required to enter
your Groww Demat account number. You can Wnd it in the

CMR copy sent to you. You can also Wnd it on the Groww app
under personal details. Your Groww Demat number is of 16
digits and starts with 120887.

Step 7: Now suppose you have holdings in multiple Demat

accounts. You would have received your Demat account

numbers with all these brokers at the time of account
opening. So at this stage, you can enter the Demat account

details of each of these brokers and click on the ‘+’ sign to

add the entries. Please note you can add details of brokers
who are registered with CDSL only ( upto 4 such entries are

allowed).
:
Once you have added all the accounts from where you want
your holdings transferred to Groww, click on Continue.  The
details you enter will be veriWed by the brokers ( depository

participants) and post authentication you will receive a

registration conWrmation.

Step 8: The registration is now complete. You will now

receive three emails in succession from CDSL.The Wrst email

will be a registration approval email. The second and third

emails will have your login credentials – Login ID, password

and PIN.

Login To CDSL Easiest

:
Step 1: The next step is to log in to the CDSL Easiest –

https://web.cdslindia.com/myeasi/home/login with the

credentials you have received and continue the process. 

Step 2: After login, click on the tab Transaction and select

Setup for transferring stocks through Easiest.

Step 3: In Transaction, Setup select the Bulk Setup option. 

:
Step 4:  Select the “+” icon to add the ISIN, quantity and the
reason for transfer off-market details.

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Step 6: After entering ISIN, quantity and the details about the Smart Save
reason, click on the SUBMIT option to continue. On
Compare Funds
veriWcation select the option for COMMIT & enter the OTP
PIN received on your registered mobile no.
View in App

Help and Support

:
Step 7: After entering OTP the Off-Market Transaction

request will be completed from your end and just needs to be

authenticated from Groww’s end. You will receive
communication from CDSL and from our end as well once
the authentication process is completed. You will be able to
see your external holdings on Groww dashboard once the

process is completed.

Charges for transferring your demat account

If you are transferring your shares from your demat account

on Groww to another demat account with another broker, you

will be charged Rs 15.93 per company. For example: if you
hold 10 shares of company A, 25 shares of ‘B’ and 2 shares
of ‘C’, since you have three companies in your portfolio, you
will be charged: 3×15.93 which will come up to Rs 47.79.

The charge is per company and not per share.

Please note that you will have to maintain this amount in your
Groww balance otherwise your transfer will be rejected.

Hope this was helpful. Happy Investing!

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