Introduction

Central Depository Services (India) Limited, commonly known as CDSL, is the largest depository in India. As a significant part of the financial backbone, CDSL provides multiple services that will enhance investors' lives. The two services, CDSL Easi and CDSL Easiest, focus on a whole different subject of investors. This article will discuss the features, benefits, and differentiation of these two services to guide you in choosing which suits your needs.

Understanding CDSL Easi

What is it?

CDSL Easi is an online portal wherein users can view and monitor holdings and transactional data of a demat account. It provides a view, monitor, track, and download data of holdings and transactions of a demat account. It's free to register. It does not require TPIN or any other additional security.

How to Register for CDSL Easi?

The registration for CDSL Easi is a two-step process:

1 . Visit the CDSL Website: Go to web.cdslindia.com/myeasitoken/home/login and click “Register for Easi.”

2 . Enter BO ID: Provide your 16-digit demat account number in the BO ID field.

3. Set Password: Put your PAN card number, birth date and month (in DDMM format).

4. Authenticate: Enter the OTP as sent to your registered email and phone number.

5. Credentials: Set a username and password and answer the security question.

6. Group Accounts (Optional): If you have several demat accounts, link them under a username.

7. Finalise Registration: Click "Continue" to finish the process.

Know the Key Benefits of CDSL Easi

• Free Entry: CDSL Easi Provides Investors with Free Access.

• User-Friendly: The user-friendly interface facilitates Investment Tracking and Monitoring.

• One Stop View: A login allows Investors to view their holdings by demat accounts in one place.

Enhanced Tracking: Understand your investments better using account statements and transaction history at your fingertips.

What is CDSL Easiest

It is an online platform that allows off-market and inter-depository instructions.

All features of Easi allow the transfer of shares and off-market transactions. It is free from registration, but DP charges apply to transfer shares. It requires TPIN to transfer shares as additional security.

Features of CDSL Easiest

In addition to the functionalities offered by CDSL Easi, the Easiest platform provides:

• E- DIS: Transfer shares electronically within a demat account sans requiring a Delivery Instruction Slip (DIS).

• Unlisted Securities: Trade in unlisted shares through over-the-counter transactions

• Limited Liquidity: Assist in trading securities with low liquidity levels.

• Other automatic functions: Automatic calculation in case of stamp duty for off-market trades.

How to Register for CDSL Easiest

Follow these steps to sign up:

1. Visit the CDSL Website: Navigate to web.cdslindia.com/myeasitoken/home/login and click “Register for Easiest.”

2. Provide BO ID: Enter your 16-digit demat account number.

3 . Set Password: To create a password, use your PAN card number, birth date, and month (DDMM).

4. Verify OTP: Authenticate the OTP sent to your registered email and phone number.

5. Create Login Credentials: Establish a username, password, and security question.

6 . Add Trusted Accounts: On the next screen, you can add up to four demat accounts for share transfers or leave this section blank to add accounts later.

7. Finalise Registration: Complete the process by clicking “Continue.”

8. Upgrade Option: Existing CDSL Easi users can upgrade to Easiest by logging into their account and selecting the upgrade option.

Open Demat Account and Start Trading!

The Role of TPIN in CDSL Easiest

A significant distinction between Easi and Easiest is the requirement for a TPIN (Transaction PIN). The TPIN adds an extra layer of security, authenticating all share transfers through an OTP and thus ensuring secure and efficient transactions.

CDSL Easi vs Easiest: Understand the difference between CDSL Easi and Easiest

Choosing between CDSL Easi and Easiest depends on your specific investment needs:

CDSL Easi: Ideal for investors who want a simple and cost-effective platform to monitor and analyse their holdings.

CDSL Easiest: It is meant for active traders and investors who require modern features such as share transfers and off-market transactions.

By understanding the unique advantages of each platform, you can select the one that aligns with your financial goals and investment strategy.

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