Do you need an Online Demat Account to use CDSL EASIEST

CDSL Easiest is an online facility initiated by the Central Depository Services Limited (CDSL). This facility allows you to access your Demat account details from anywhere. Once you are done with the CDSL Easiest registration from the CDSL official website, you can easily login with the help of a registered ID and Password. But first, let's discuss what CDSL Easiest is and its registration process. 

• What is CDSL Easiest?

The term 'Easiest' denotes Electronic Access to Securities Information and Execution of Secured Transactions. With this online facility, you are allowed to submit on-market, off-market, early pay-in debit, and inter-depository transactions from your online Demat account. You can easily make CDSL Easiest transfer shares or funds from one Demat account to another. 

• Benefits of CDSL Easiest:

If you've completed your registration, you can enjoy all the benefits of CDSL Easiest which are: 

- You're allowed to view your transaction history of the last 1 year and current holdings of your Demat account. Additionally, you can download and print out this information as well.

- If you have multiple Demat accounts, with CDSL Easiest registration you're allowed to examine the statements of all those accounts with a single CDSL login on the official portal.

- You can conveniently make CDSL Easiest share transfer to other Demat accounts.

• How to Register for CDSL Easiest?

After registering for CDSL Easiest, it takes 24-48 hours to activate. Here are the steps for CDSL Easiest Registration: 

1. Visit https://www.cdslindia.com/ and click on the 'Register Online' button on the homepage. Then select EASIEST from the given options.
2. You will need to fill in:
   1. 8-digit Depository Participant (DP) ID or Clearing Member (CM) ID of your broker
   2. 8-digit Beneficial Owner (BO) ID
   3. Your phone number and email ID. 

After filling up all the necessary information, an One Time Password (OTP) will be sent to the registered phone number.

1. After verification, your number will be registered.
2. Finally, you will be asked to select the type of account you need. You need to choose between the following accounts:
   1. Trusted Account - This account allows you to make CDSL Easiest share transfer to any 4 Demat accounts registered to CDSL that you trust.
   2. Account of Choice - This account allows you to transfer shares to Demat accounts. But a digital signature will be required before every transaction.
3. If you have selected a Trusted Account, you need to fill up your BO ID of the account to which you wish to transfer shares.
4. Then click on Submit and your CDSL Easiest Registration process is complete.

To Wrap Up:

The CDSL Easiest registration process is straightforward, and the facility is easy to use. CDSL Easiest comes with an array of facilities that makes your life as a Demat user easier. Since CDSL Easiest is an internet-based facility, it is essential to have an online Demat account to use it. To start trading safely, open an online demat account at Motilal Oswal.

Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account