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

Summary

The 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.