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By MOFSL
2025-08-19T18:55:00.000Z
6 mins read
How to Change Stock Broker and Transfer My Stocks From One Broker to Another
motilal-oswal:tags/sub-broker-franchise,motilal-oswal:tags/sub-broker-in-india,motilal-oswal:tags/become-sub-broker,motilal-oswal:tags/sub-broker
2025-08-19T18:55:00.000Z

Change Stock Broker

It is possible that you have an idea about changing brokers at some time if you trade or invest in the stock market. Thanks to online demat and trading systems, switching stock brokers is now a completely simple process, no matter the reason—excessive brokerage charges, restricted capabilities, or better customer support elsewhere.  This post will outline the procedures, costs, and vital considerations for switching inventory brokers and transferring shares among brokers.  Let's begin.

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Why Do Investors Change Their Stock Broker?

Before we get into the how, here are a few common reasons investors choose to switch brokers:

Reason for Switching
Explanation
High brokerage fees
Some full-service brokers charge higher fees compared to discount brokers.
Better technology
A modern trading platform with real-time analytics can offer a superior experience.
Poor customer service
Slow or unresponsive support can be frustrating during market hours.
Wider product range
Some brokers offer more mutual funds, IPOs, bonds, or international investing options.
Margin facilities
Better margin and leverage options may be available elsewhere.

Can I Transfer My Stocks to a New Broker?

It is possible to move your current shares to a different broker without having to sell them. With depositories like NSDL (National Securities Depository Limited) or CDSL (Central Depository Services Limited), all shares are kept electronically in a Demat account. You only need to move your shares out of your previous Demat account to the new one if you're converting brokers. A delivery instruction Slip (DIS) may be used for a manual system, or CDSL's easiest platform may be used for an online switch. You may keep your current investments while making the transfer with one of these secure strategies.

Step-by-Step Process to Change Stock Broker in India

Step
Details
Step 1: Open a New Demat & Trading Account
- Choose your new broker, such as Motilal Oswal, known for its full-service offerings, expert research, and user-friendly platforms. - Complete the account opening process via eKYC. - You will receive your new Demat Account Number (also known as BO ID).
Step 2: Link With the Same Depository
- Ensure your old and new Demat accounts are with the same depository (either NSDL or CDSL). - If different, it becomes an Inter-Depository Transfer, which may have higher charges and longer processing time.

Types of Transfer: Intra vs Inter Depository

Type of Transfer
Depository
Transfer Process
Cost
Intra-depository
Same (CDSL to CDSL or NSDL to NSDL)
Easier, faster
Lower
Inter-depository
Different (CDSL to NSDL or vice versa)
Slightly longer
Higher
Step 3: Transfer Shares from Old Broker
There are two methods available:
A. Offline Transfer Using DIS Slip
- Obtain a Delivery Instruction Slip (DIS) from your old broker. - Fill in the details: • ISIN of the stock • Quantity • New broker’s BO ID • Reason for transfer (e.g., “closure of account”) - Submit the filled DIS to your old broker. - Processing takes 1–3 working days.
B. Online Transfer via CDSL Easiest
- Register on CDSL Easiest. - Select “Easiest” option and link your Demat account. - Once verified, you can initiate share transfers online with just a few clicks.

What Happens to My Mutual Funds, IPO Holdings, and Other Securities?

In addition to shares, you may have mutual funds, bonds, or ETFs. Here’s how they are handled:

Security Type
Can It Be Transferred?
Transfer Method
Shares
Yes
CDSL/NSDL Transfer
Mutual Funds (Demat Form)
Yes
Same as stocks
Mutual Funds (Non-Demat)
No
You must redeem and reinvest
Bonds/ETFs
Yes
Demat transfer

What About My Trading Account Balance?

Once you’ve completed the share transfer, you should:

Points to Keep in Mind While Changing Brokers

Key Consideration
Details
Exit load
Some brokers may charge Demat exit fees. Check with your old broker.
Tax implications
Ensure you maintain capital gain statements for IT filing.
Timing
Avoid switching during volatile markets if you have open positions.
Customer support
Choose a broker like Motilal Oswal that offers dedicated RM support.

Why Transfer to Motilal Oswal?

If you're looking for a trusted, full-service brokerage with advanced tools and robust research support, Motilal Oswal stands out for several reasons:

Final Thoughts

It might be wise to change stock brokers, especially in case you find a platform that better fits your investing goals and style. You could effortlessly move your shares to a different broker, along with Motilal Oswal, by following the easy steps referred to above. This can assure a more seamless investing experience with progressed tools, insights, and career. In case you're prepared to make the transition, register a free Demat account with Motilal Oswal right now to take advantage of professional advice, affordable fees, and access to strong trading systems designed for both beginners and professionals.

Read More - Sub Broker Earnings in India | How to change Stock Broker & transfer Stocks | Sub Broker Franchise Cost | Advantages of Sub Broker Franchise | Sub Broker eligibility criteria in India | Authorised Person Courses | Types of Authorised Person Exams

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