Account Opening Resident individual Non Resident Indian (NRI) Company, Partnership, HUF and LLP Your Zerodha Account Account modification Client Master Report (CMR) and Depository Participant (DP) Transfer and conversion of securities Margin Trading Facility (MTF) and Margins Charts and orders Alerts and Nudges Add bank accounts Corporate actions Funds statement National Pension Scheme (NPS) Fixed Deposit (FD) Features on Coin Payments and Orders Your Zerodha Account Transfer and conversio... Stocks, ETFs, mutual funds and gold bonds can be gifted online to anyone with a Zerodha account. If the recipient does not have a Zerodha account, they can create a new account and receive the gift. To open a new account online, see How to open a Zerodha account online? You can only gift stocks through Kite. To gift mutual funds, please visit console.zerodha.com/gift. To gift stocks on Kite, follow these steps: Log in to Kite. Click on Holdings. Hover over the security to be gifted and click on Options. Click on Send as a gift. Enter the gift receiver's name, mobile number, email address (optional), and gift message (optional). Click on Continue. Select the securities that are to be gifted. Only the securities that are approved for gifting (DOC) are displayed. Enter the quantity. Click on Confirm & send. Zerodha sends an email and SMS notification to the recipient requesting they accept the gift within 7 days. To learn how to accept the gift, see How to accept gifted stocks? The stocks are not transferred out of the demat account at this point. Once the recipient accepts the gift, an email and SMS notification are sent to the sender requesting to confirm the recipient’s identity and the transfer of stocks using the CDSL TPIN. See, How to generate the CDSL TPIN required to authorise the CNC sell transactions? If the sender completes TPIN verification before 2 PM, the CDSL email will be sent on the same day. However, if it is completed after 2 PM, the CDSL email will be received on the next trading day. The cut-off time to process TPIN for gifts is 2 PM. The receiver of the gift must be added as a beneficiary in the sender's demat account. If the sender misses beneficiary verification, the beneficiary will receive an email from CDSL once. If the beneficiary doesn't receive the email, the sender can visit cdslindia.com/Authentication/OTP.aspx to add the beneficiary. If they're already added as a beneficiary, this step can be skipped. However, if they're not added as a beneficiary, CDSL will send an email between 3 PM and 5 PM on trading days to the sender to verify the beneficiary details for off-market transactions. To verify the beneficiary details, follow these steps: 1. Click on the link received in the mail. 2. Enter the sender's PAN or Demat Account No. The demat account number is the 16-digit ID. To learn how to find the demat ID, see What are DP name, DP ID, BO ID and demat ID? 3. Click on Submit. 4. Tick on the beneficiary details and click on Generate OTP. 5. Enter the OTP and click on Accept. 6. Click on OK. Zerodha then sets up an off-market gift transfer through CDSL, which needs to be verified by an OTP. An email and SMS are sent from CDSL to confirm the off-market gift transaction at 5 PM on the same day if it is a trading day or the next trading day. Enter the PAN or the 16-digit demat account ID and complete the SMS OTP verification by 8 PM on the same day. If the OTP verification is not completed by 8 PM on the same day, the gifting process has to be reinitiated. The securities are moved to the recipient’s demat account and will be visible in their holdings the next day. What are the fees for gifting? Transfer charges of ₹25 per security, per transaction, plus 18% GST are applicable. For example, if you transfer 10 shares of HDFC, 5 shares of Reliance and 2 shares of Infosys in one transaction the charges would be ₹75 + 18% GST. If you transfer 10 shares of HDFC in two transactions, the charges would be ₹50 + 18% GST. There are no additional charges for gifting securities. This is automatically debited from the sender’s trading account. See What are the charges for gifting stocks? What are the tax implications of gifting? The tax implications depend on the value of the stocks gifted. The recipient may have tax implications if the value of the gift exceeds ₹50,000. To learn more about tax implications, see Are there any income tax implications on gifting of shares? Did you know? Gifting stocks from the account and selling them simultaneously may result in an exchange auction penalty. The gifting request won't be processed if Zerodha's account balance is zero or negative. If funds are added today, the funds statement balance will be updated on the following day. As a result, the gifting request will only be processed on the next day. For tracking and reporting purposes, the stock's closing price on the day the stock gets transferred is the exit price for the person gifting the stock, and the same price is used as an entry price for the person receiving the gift. The average price is updated within 3 working days after the stocks are transferred. While filing for income tax, a different view can be taken on the acquisition price. Unsettled shares cannot be gifted. See What does settlement cycle mean? Shares cannot be gifted if the Zerodha account is dormant. Clients must complete the Re-KYC process to gift shares. To learn how to do the Re-KYC, see How to reactivate the Zerodha account? Stocks, ETFs, mutual funds and gold bonds can be gifted online to anyone with a Zerodha account. If the recipient does not have a Zerodha account, they can create a new account and receive the gift. To open a new account online, see How to open a Zerodha account online? You can only gift stocks through Kite. To gift mutual funds, please visit console.zerodha.com/gift. To gift stocks on Kite, follow these steps: Log in to Kite. Click on Holdings. Hover over the security to be gifted and click on Options. Click on Send as a gift.

Enter the gift receiver's name, mobile number, email address (optional), and gift message (optional). Click on Continue. Select the securities that are to be gifted. Only the securities that are approved for gifting (DOC) are displayed. Enter the quantity. Click on Confirm & send. Zerodha sends an email and SMS notification to the recipient requesting they accept the gift within 7 days. To learn how to accept the gift, see How to accept gifted stocks? The stocks are not transferred out of the demat account at this point. Once the recipient accepts the gift, an email and SMS notification are sent to the sender requesting to confirm the recipient’s identity and the transfer of stocks using the CDSL TPIN. See, How to generate the CDSL TPIN required to authorise the CNC sell transactions? If the sender completes TPIN verification before 2 PM, the CDSL email will be sent on the same day. However, if it is completed after 2 PM, the CDSL email will be received on the next trading day. The cut-off time to process TPIN for gifts is 2 PM. The receiver of the gift must be added as a beneficiary in the sender's demat account. If the sender misses beneficiary verification, the beneficiary will receive an email from CDSL once. If the beneficiary doesn't receive the email, the sender can visit cdslindia.com/Authentication/OTP.aspx to add the beneficiary. If they're already added as a beneficiary, this step can be skipped. However, if they're not added as a beneficiary, CDSL will send an email between 3 PM and 5 PM on trading days to the sender to verify the beneficiary details for off-market transactions. To verify the beneficiary details, follow these steps: 1. Click on the link received in the mail. 2. Enter the sender's PAN or Demat Account No. The demat account number is the 16-digit ID. To learn how to find the demat ID, see What are DP name, DP ID, BO ID and demat ID? 3. Click on Submit. 4. Tick on the beneficiary details and click on Generate OTP. 5. Enter the OTP and click on Accept. 6. Click on OK. Zerodha then sets up an off-market gift transfer through CDSL, which needs to be verified by an OTP. An email and SMS are sent from CDSL to confirm the off-market gift transaction at 5 PM on the same day if it is a trading day or the next trading day. Enter the PAN or the 16-digit demat account ID and complete the SMS OTP verification by 8 PM on the same day. If the OTP verification is not completed by 8 PM on the same day, the gifting process has to be reinitiated. The securities are moved to the recipient’s demat account and will be visible in their holdings the next day. What are the fees for gifting? Transfer charges of ₹25 per security, per transaction, plus 18% GST are applicable. For example, if you transfer 10 shares of HDFC, 5 shares of Reliance and 2 shares of Infosys in one transaction the charges would be ₹75 + 18% GST. If you transfer 10 shares of HDFC in two transactions, the charges would be ₹50 + 18% GST. There are no additional charges for gifting securities. This is automatically debited from the sender’s trading account. See What are the charges for gifting stocks? What are the tax implications of gifting? The tax implications depend on the value of the stocks gifted. The recipient may have tax implications if the value of the gift exceeds ₹50,000. To learn more about tax implications, see Are there any income tax implications on gifting of shares? Gifting stocks from the account and selling them simultaneously may result in an exchange auction penalty. The gifting request won't be processed if Zerodha's account balance is zero or negative. If funds are added today, the funds statement balance will be updated on the following day. As a result, the gifting request will only be processed on the next day. For tracking and reporting purposes, the stock's closing price on the day the stock gets transferred is the exit price for the person gifting the stock, and the same price is used as an entry price for the person receiving the gift. The average price is updated within 3 working days after the stocks are transferred. While filing for income tax, a different view can be taken on the acquisition price. Unsettled shares cannot be gifted. See What does settlement cycle mean? Shares cannot be gifted if the Zerodha account is dormant. Clients must complete the Re-KYC process to gift shares. To learn how to do the Re-KYC, see How to reactivate the Zerodha account? Related articles What are the different ways to transfer shares from a Zerodha demat account to another demat account? How to transfer shares from one Zerodha account to another Zerodha account? Are there any income tax implications on the gifting of shares? What is a demat account? How to open a minor account online and offline at Zerodha? Still need help? Create a ticket