How to upgrade CDSL Easi to Easiest | CDSL Easi ko Easiest me upgrade kaise kare

Bulls N Bear

14 Mar 202405:32

Summary

TLDRThe video script provides a detailed tutorial on upgrading a CDS ledger account to an e-KYC compliant account, essential for transferring shares without complications. It guides viewers through the process of linking their demat accounts, submitting an upgrade request, and awaiting approval from the stock broker. The script also covers the receipt of a temporary PIN for secure transactions and the steps to change it for future use. The tutorial aims to help users efficiently manage their demat accounts and transfer shares with ease.

Takeaways

😀 The video is a guide for those who have mistakenly registered for a CDS ledger account and now need to transfer their shares.
🔄 It explains that shares can only be tracked, not transferred, without upgrading to an e-KYC account.
📈 The process begins with the user's CDS dashboard, where the number of shares held is displayed along with their total market value.
💼 To upgrade, one must click on the 'upgrade to e-KYC' option, which presents two choices: 'Trusted Account' and 'Account of Choice'.
🔄 The 'Trusted Account' is for transferring shares within other CDS accounts, while 'Account of Choice' is for transferring to an NHDL account.
📝 The user must tick a small box and submit the request, entering the Demat account number to which shares may be transferred in the future.
📱 An OTP is sent to the registered mobile number, which must be entered to complete the upgrade request.
⏱️ The upgrade request takes up to 2448 hours to be processed by the stock broker, after which shares can be easily transferred.
📧 The user receives an email confirming the registration and another with a temporary PIN, which must be copied and used to change the PIN on the CDS account.
🔐 The new PIN set during this process is crucial for future transactions and should be noted down securely.
💡 After the upgrade, the account has full access, and the transaction option becomes available, enabling share transfers.

Q & A

What is the main issue discussed in the script?
-The main issue discussed is the process of upgrading a CDSSEL (Central Depository Services (India) Limited) account to an IEPF (Investor Education and Protection Fund) account to enable tracking and transferring shares.
Why is it necessary to upgrade from a CDSSEL to an IEPF account?
-It is necessary to upgrade to an IEPF account to transfer shares and track them, as shares can only be tracked and not transferred without an IEPF account.
What is the first step to upgrade an account according to the script?
-The first step is to click on the 'Misellaneous' option on the CDSSEL dashboard.
What options are provided for account upgrade in the script?
-The options provided for account upgrade are 'Trusted Account' and 'Account of Choice'.
What does 'Trusted Account' refer to in the context of the script?
-In the script, 'Trusted Account' refers to the option to transfer shares from one's CDSSEL account to another dematerialized account, such as Angel One, Zerodha, or Groww.
What is meant by 'Account of Choice' in the script?
-'Account of Choice' in the script refers to transferring shares to an NSDL (National Securities Depository Limited) dematerialized account, such as Kotak Securities or IC Direct.
How long does it take for the upgrade request to be processed according to the script?
-The upgrade request takes up to 2448 hours, which is approximately 3 months, to be processed by the stock broker.
What is the purpose of the temporary PIN received in the email as mentioned in the script?
-The temporary PIN received in the email is used to change the transaction PIN on the CDSSEL account, which is necessary for future transactions.
What should one do with the new transaction PIN set during the upgrade process?
-One should note down the new transaction PIN carefully and securely, as it will be used for transactions.
How can viewers find out more about transferring shares after account upgrade?
-Viewers can find out more about transferring shares after account upgrade by watching the complete video, which is linked in the script.
What is the final outcome of the account upgrade process as described in the script?
-The final outcome of the account upgrade process is having a fully functional IEPF account with access to transaction options, as described in the script.

Outlines

00:00

😀 Upgrading CDS to Demat Account

This paragraph discusses the process of upgrading a CDS (Central Depository Services) account to a Demat account for better tracking and transferring of shares. The speaker explains that if one has mistakenly registered for a CDS account and needs to transfer shares, they must upgrade to a Demat account. The video provides a step-by-step guide on how to upgrade the account, emphasizing the ease of the process. The speaker also mentions the current number of shares they hold and their total market value. The process involves clicking on a specific option, choosing between 'Trusted Account' and 'Account of Choice,' mapping Demat accounts for future transfers, and receiving an OTP for verification. The video assures viewers that after the upgrade, they will be able to transfer shares with ease.

05:03

😉 How to Transfer Shares After Account Upgrade

The second paragraph serves as a teaser for a complete video that explains how to transfer shares after upgrading the account. The speaker invites viewers to watch the full video by clicking on a provided button. They also encourage viewers to like the video and subscribe to the channel for more content. The paragraph ends with a playful note, indicating that the transaction-related video will be shared in the future.

Mindmap

Keywords

💡CDSEL

CDSEL likely refers to a financial platform or service mentioned in the video. It is central to the video's theme as the script discusses how to manage and upgrade accounts associated with it. The term is used in the context of account management and transfer of shares, indicating it is a platform for securities or investments.

💡Upgrade

In the video, 'upgrade' is used in the context of enhancing an account's features or capabilities. It is crucial as the script guides viewers on how to upgrade their accounts from 'Ezee' to 'Izvest' on the CDSEL platform, which allows for tracking and transferring shares.

💡Demat Account

A 'Demat Account' is a type of investment account that holds securities in electronic or dematerialized form. The video script mentions Demat accounts in relation to transferring shares and managing investments, indicating that the platform facilitates such transactions.

💡Transfer

The term 'transfer' is used in the context of moving shares from one Demat account to another. It is a key action in the video's narrative, as the script explains the process of transferring shares between different accounts on the CDSEL platform.

💡Shares

Shares refer to units of ownership in a company. In the video, the script discusses the number of shares held in a Demat account and the process of transferring these shares, highlighting the importance of shares in the platform's operations.

💡Market Value

Market Value is mentioned in the context of the total value of shares held in a Demat account. It is an important concept as it helps investors understand the financial worth of their investments, as reflected in the video where the total market value is displayed on the CDSEL dashboard.

💡Trusted Account

The 'Trusted Account' is a term used in the script when discussing the options for transferring shares. It implies an account that the user trusts and has chosen for transferring shares, indicating a level of security and reliability in the platform's operations.

💡Account of Choice

Similar to 'Trusted Account,' 'Account of Choice' refers to the user's preferred account for transferring shares. The video script uses this term to guide users on selecting the account they wish to transfer shares to, emphasizing user control over their investment decisions.

💡OTP

OTP stands for 'One-Time Password,' a security measure used for authentication. In the video, an OTP is sent to the user's registered mobile number as part of the account upgrade process, highlighting the platform's focus on security during sensitive transactions.

💡Transaction

The term 'transaction' is used in the context of transferring shares between Demat accounts. It is a key part of the video's message, as the script walks through the steps required to enable and execute transactions on the CDSEL platform.

💡Change PIN

Changing the PIN is a security step mentioned in the script, where the user is guided to update their PIN for transaction authentication. This step is crucial for maintaining the security of transactions on the CDSEL platform.

Highlights

Mistakenly registered for CDS E-G but need to transfer shares, which can only be tracked with a CDS E-G account, not transferred.

To transfer shares, one must upgrade their company to E-G from CDS E-G.

One should ideally register for E-G from the beginning, but if mistakenly registered for E-G, this video helps upgrade the account to E-G.

The process of upgrading an E-G account to E-G is demonstrated live in this video.

The dashboard of the CDS E-G account is shown, displaying the number of shares and their total market value.

Instructions on how to upgrade a CDS E-G account to E-G are provided, involving clicking on a specific option.

Two options are presented for upgrading: Trusted Account and Account of Choice.

If transferring shares from one's second CDS E-G account, such as from Angel One to Zerodha, one should select the first option.

For transferring shares to an NHDL demat account, such as Kotak Securities IC Direct, the second option should be selected.

The presenter chooses the first option as all their demat accounts are with CDS E-G.

A small box is ticked, and the submit button is clicked to proceed with the upgrade request.

The presenter enters their sister's demat account number as an example of mapping accounts for future transfers.

The presenter receives an OTP on their registered mobile number, which is entered to complete the upgrade request.

The upgrade request is sent to the stock broker, which takes up to 48 hours to process.

An email is received confirming the registration, and the user ID and password remain the same for E-G.

A temporary PIN is provided in a separate email, which is to be copied and used to change the PIN on the CDS E-G account.

The new PIN is essential for transactions and should be noted down carefully.

The presenter demonstrates changing the PIN and setting a new one for transactions.

Once the PIN is changed, the account is upgraded to E-G with full access, including the transaction option.

A complete video on how to transfer shares after account upgrade is available and can be accessed through a provided button.

The video concludes with a call to action for likes and subscriptions, and a teaser for the transaction video.