Difference between CDSL Easi and Easiest

How to Register for CDSL Easi?

One can follow the steps mentioned here to sign up for CDSL Easi:

Step 1: Visit the CDSL Website - web.cdslindia.com/myeasitoken/home/login and click on Register for Easi.

Step 2: In the BO ID box, enter your 16-digit demat account number.

Step 3: In the password box, enter your PAN card number, birth date, and month (DDMM).

Step 4: You will receive an OTP on your registered email and phone number.

Step 5: Enter a username and password, and answer the security question.

Step 6: In case an account holder has multiple demat accounts, they can be grouped under one username by entering the respective account numbers.

Step 7: Click ‘Continue’ to complete the registration.

Advantages of CDSL Easi

CDSL Easi is advantageous for the following reasons:

• CDSL Easi is provided to investors at no cost.
• The platform is a convenient and user-friendly way to track and monitor all your holdings and transaction data.
• An account holder can track the holdings of multiple demat accounts under one username.
• The platform can help investors review and monitor their holdings.

What is CDSL Easiest?

CDSL Easiest stands for electronic access to securities information and execution of secured transactions. While similar to Easi, the difference between Easi and Easiest CDSL is the additional features that the platform offers. 

CDSL Easiest is an online facility that allows off-market and on-market instructions submitted by the clearing members of the beneficial owners. In addition, the facility also allows inter-depository and early pay-in instructions.

Features of CDSL Easiest

To further understand CDSL Easi vs Easiest, we need to look at the key features of CDSL Easiest.

Besides the features of CDSL Easi, CDSL Easiest has the additional features:

• An account holder can transfer shares from one demat account to another. The digital process eliminates the need for a delivery instruction slip (DIS).
• Investors can privately buy and sell securities off-market. This is especially helpful for unlisted securities.
• In the case of securities with low liquidity, investors can avail of services on the platform to transfer the securities.
• Investors can also calculate the stamp duty for off-market transactions through the platform.

How to Register for CDSL Easiest?

The process to sign up for CDSL Easiest is as follows:

Step 1: Visit the CDSL Website - web.cdslindia.com/myeasitoken/home/login and click on Register for Easiest.

Step 2: In the BO ID box, enter your 16-digit demat account number.

Step 3: In the password box, enter your PAN card number, birth date, and month (DDMM).

Step 4: You will receive an OTP on your registered email and phone number.

Step 5: Enter a username and password, and answer the security question.

Step 6: On the next screen, you can add up to 4 demat accounts to whom you want to transfer shares. However, you can leave it blank if you want to add the trusted accounts at a later stage.

Step 7: In case an account holder has multiple demat accounts, these accounts can be grouped under one username by entering the respective account numbers.

Step 8: Click ‘Continue’ to complete the registration.

Users who already have a CDSL Easi account can upgrade their account to CDSL Easiest by visiting the CDSL website and upgrading their BO ID.

TPIN for CDSL Easiest

Another significant difference between Easi and CDSL Easiest is the usage of a TPIN. CDSL Easiest allows investors to transfer shares from one demat account to another. As a result, it is necessary to secure the account with the help of a TPIN which is authenticated through an OTP.

Difference between Easi and Easiest CDSL

Conclusion

CDSL Easi and CDSL Easiest are secured and convenient platforms that help users access data and monitor their holdings. However, to transfer securities, a user has to upgrade to CDSL Easiest. The registration process for the platforms is easy and straightforward making the platforms accessible.