To transfer shares from your Jainam Demat account to another account via off-market transfer, follow the steps below: Step 1: Add the Beneficiary:
- Before submitting the DIS slip, you must add the beneficiary (PDF) (i.e., the person to whom you're transferring the shares). Submit the Beneficiary Addition Form along with the CMR copy of the beneficiary’s demat account.
- Courier the documents to:
Jainam Broking Limited Jainam House, New Passport Office Road, Kargil Chowk, Piplod, Surat - 395007, Gujarat
Step 2: Beneficiary verification via CDSL:
- Once Jainam receives and checks the documents, you’ll receive an email from CDSL to verify the beneficiary. Select the link in the CDSL email.
- Enter your PAN and 16-digit Demat account number.
- Select the checkbox and click Generate OTP. Enter the OTP and accept.
- Confirmation will be shown once beneficiary is successfully added. Beneficiary addition is required only once. For future transfers to the same person, you can directly submit the DIS slip. To know more, see How to add a beneficiary on CDSL for transferring securities?
Step 3: Submit the DIS slip:
- Once the beneficiary is verified, you need to fill out, sign, and submit a DIS slip. View a sample filled DIS slip (PDF) .To know more, see how to fill out a DIS slip ?
To know more about signing, see What type of signature and stamp are required on the DIS as per account type ? - Attach a copy of the CMR (Client Master Report) of the beneficiary if his/her DP is other than Jainam.
- Courier both documents to:
Jainam Broking Limited Jainam House, New Passport Office Road, Kargil Chowk, Piplod, Surat - 395007, Gujarat
Step 3: Verification and Execution by Jainam:- Jainam will verify your documents.
- If everything is in order, the share transfer will be executed within 1–2 working days.
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- The standard off-market transfer fee is applicable, and it is ₹15, or 0.01% per stock, whichever is higher, plus 18% GST applicable. Giving securities as gifts carries no extra costs.
- Charges for off-market transfers apply based on the DP scheme.
Example: Stock | Quantity (A) | Closing price (B) | Value | 0.01% Brokerage (in₹) | ₹15 (fee) | Considered charge (in ₹) | HDFC | 14 | 632.05 | 8,848.7 | 1.52 | 15₹ | 15 | Nestlé | 46 | 3496.25 | 160827.5 | 16.08 | 15₹ | 16.08 | Solar | 100 | 148.05 | 14805 | 1.48 | 15₹ | 15 | Applicable charges | - | - | - | - | - | 46.08 | GST @ 18% | - | - | - | - | - | 8.29 | Total charges | - | - | - | - | - | 54.37 |
In case of a rejected transfer, follow these guidelines: - Do not sell the shares before the approval of DIS execution.
- Maintain the required fund balance in your account.
- Verify any corrections, countersigns, or overwriting made.
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