Revised process for submission of Off-Market Transfer

Dear Saurabh Kumar, As per NSDL Circular no: NSDL/POLICY/2023/0185 dated December 28, 2023, CDSL Circular no: CDSL/OPS/DP/P OLCY/2023/745 dated December 22, 2023 and CDSL/OPS/DP/POLCY/2023/757 dated December 28, 2023, the process for submission of off-market transfer instructions (i.e., transfer of securities from one investor’s demat account to other investor’s demat account) has undergone a change with effect from Monday, January 1, 2024. You must add the Target Beneficiary Demat Account (one-time) details before executing the Off-Market Instruction. In this context, please follow the below steps : 1. Add the Target Demat Account (DP ID, Client ID and PAN details) as “Beneficiary” in your Demat Account by submitting the requisite form (Click here for the form) at any Demat Enabled Branch. Click here for list of Demat Enabled Branches 2. Once you have added the Target Beneficiary Demat Account details in the depository system, a bitly link will be generated and sent by the depository to the registered mobile number and e-mail address mentioned in your Demat Account. 3. On clicking the bitly link, you will be redirected to a web page displaying the details of the Target Beneficiary Demat Account (as mentioned by you in the prescribed form). Please verify and confirm the Target Beneficiary Demat Account details and enter the OTP received from the depository. 4. On submitting the correct OTP, the Target Beneficiary Demat Account will be added in your Demat Account and the requisite depository will send a confirmation on your registered mobile number and e-mail to this effect. 5. Post this addition, submit the Delivery Instruction Slip (DIS) for initiating Off-Market Transfers, as per the existing process. Please note that the above-mentioned process should be followed, if you wish to delete the Beneficiary Account details from your Demat Account.   Sincerely, Team ICICI Bank   Need assistance?     Access your account     T&Cs Disclaimer   This is a system generated e-mail. Please do not reply.