What is CDSL Easiest & How to Register for it?

Meaning of CDSL Easiest

CDSL Easiest refers to electronic access to securities information and execution of secured transactions. Although CDSL Easi and Easiest have similar features, Easiest is differentiated by the additional features that it offers to users. 

Besides the features of CDSL Easi, CDSL Easiest allows users to provide off-market and on-market instructions submitted by the clearing members of the beneficial owners. Inter-depository and early pay-in instructions are also allowed.

Features of CDSL Easiest

Here are some of the key features of CDSL Easiest.

• CDSL Easiest allows account holders to transfer shares from one demat account to another. Since the transfer of shares is done digitally, it reduces the need for a delivery instruction slip (DIS).
• Users of CDSL Easiest can also use the platform for off-market transactions. This is especially helpful in the case of unlisted securities like that of start-ups.
• Users can also make use of the platform to tackle liquidity constraints. CDSL Easiest can be used to transfer securities with low liquidity.
• In the case of off-market transactions, users can use the platform to calculate the stamp-duty registration.
• Similar to CDSL Easi, users can monitor corporate announcements related to the securities in their demat accounts. They can track corporate announcements of an additional 25 securities too.

How to Register for CDSL Easiest

Registration on CDSL Easiest is straightforward and does not require a lot of time. Here’s how you can register on the platform to avail of its services.

Step 1: Visit the CDSL website - web.cdslindia.com/myeasitoken/home/loginand click on Register for Easiest.

Step 2: Enter your 16-digit demat account number in the BO ID box.

Step 3: For the password, enter your PAN card number, birth date, and month in DDMM format.

Step 4: Upon submission, 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 following screen, you can add up to 4 trusted demat accounts to whom you would like to transfer the shares. However, you can leave it blank if you wish to add the trusted accounts at a later stage.

Step 7: The platform also allows account holders to group multiple demat accounts 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

CDSL allows users to transfer securities from one demat account to another. To facilitate transfers, CDSL Easiest requires a TPIN that can be authenticated by an OTP. The TPIN adds another layer of security to the platform to ensure seamless transfer of securities.

Charges for CDSL Easiest

Users can register for free on CDSL Easiest. Existing users of CDSL Easi can upgrade their accounts to Easiest at no additional cost. However, while transferring securities or making transactions, depository participant (DP) charges may be applicable.

Who Should Register for CDSL Easiest?

CDSL Easiest is an online facility that caters to the evolving technology in the finance sector. The platform offers quick updates on your holdings, account statements, and transaction history.

CDSL Easiest is distinguished from Easi by the facility it offers of transferring shares from one demat account to another. It is suitable for beneficial owners (BO) and Clearing Members (CM) who want to submit debit or credit instructions digitally, over the Internet. The platform eliminates the need to submit a DIS, making it a convenient way to transfer shares online.