As per NSDL circular No. NSDL/POLICY/2023/0185 dated 28.12.2023 it is mandatory to add target beneficiary account details for off-market transactions w.e.f 1st January 2024 onwards. DIS for off-market share transfer will be executed only after adding a target beneficiary account (Demat Account detail) and validated by the client. For adding Target beneficiary details client is required to provide Target beneficiary details in the standard Annexure format. to download Annexure please click HERE.
