What is Off-Market Transfer?

Off-market transfer refers to the process of transferring shares from your Demat account with Navia to another Demat account. This can occur for various reasons, such as gifting, inheritance, or sale. You can find detailed reasons and their corresponding codes in the attached document titled "Off Market Reason Codes."

Required Forms for Off-Market Transfer

To initiate an off-market transfer, you need to provide the following forms:

1. Add Beneficiary Form: This form is used to add the DP ID and Client ID of the beneficiary to whom you will transfer shares. Once the details are added, NSDL (or CDSL, if applicable) will send an OTP to your registered mobile number for validation. If the OTP is not validated on the same day, the request will be declined, and the off-market transfer will not be processed.
2. Delivery Instruction Slip (DIS): This slip serves as the transfer form where you need to provide details such as DP ID and Client ID of the beneficiary. The DIS must be signed by all holders of the Demat account.
3. Off-Market Sale Form: This form is required only if the transfer involves the sale of shares. The form must include payment details, and stamp duty is applicable as per government regulations.

Off-Market Transfer Charges :0.05% of the turnover or Rs 50 per ISIN, whichever is higher + 18% GST.

Example Calculation:

How to Submit the Forms

You can submit the duly signed DIS, Add Beneficiary Form, and Off-Market Sale Form to the following address:

Corporate Office Address:

Navia Markets Ltd | No: 9 Ganga Griha, 4th Floor,
Nungambakkam High Road, Nungambakkam, Chennai - 600034

How to Request a DIS Booklet

If you do not have a DIS booklet, you can place an online request. Joint Demat account holders must submit a physical request form signed by all account holders. The form is attached for your convenience.

How to Fill a DIS Slip

Follow these steps to fill the DIS slip:

1. Client ID: Enter the Client ID as it appears in your Demat account.
2. ISIN Numbers: Specify the ISIN of the security to be transferred, confirming it with your transaction statement.
3. Security Name: Enter the name of the security.
4. Quantity: Provide the quantity in both figures and words.
5. Instruction Reference Number: This will be filled in by Navia after execution.
6. Annexures: If transferring more than 4 ISINs, mention the number of DIS annexures attached.
7. Counterparty Details: Fill in DP ID, Client ID, and Counter BO name for the beneficiary.
8. Reason Code: If transferring to your own account, submit along with CML Copy.
9. Execution Date: This will be filled in by Navia at the time of execution.
10. Signature: Sign as per the signature recorded in your Navia Markets Ltd Demat account.

What happens after you submit the Delivery Instruction Request (DIR)?