How to Transfer Shares from Groww to Upstox: Step-by-Step Guide

Introduction: Moving from Groww to Upstox? Here’s How to Transfer Your Shares Easily

If you’re planning to shift your stock investments from Groww to Upstox, you’re not alone. Many investors switch brokers for better features, advanced charting tools, or faster order execution. But the big question is — do you need to sell your shares to move them?

The answer is no.

You can transfer your shares directly from Groww to Upstox without selling them, without paying taxes, and without incurring any brokerage. The process is completely legal, seamless, and can be done in two ways — online using the CDSL Easiest platform or offline using a Delivery Instruction Slip (DIS).

Whether you want to consolidate all your holdings under one Demat account or simply prefer Upstox’s trading platform, this step-by-step guide will show you how to make the switch smoothly.

Let’s begin with whether this type of share transfer is allowed, and what methods you can use.

Can You Transfer Shares from Groww to Upstox Without Selling?

Yes, you can absolutely transfer shares from Groww to Upstox without selling them. This is known as an off-market transfer and is commonly used by investors when they want to move shares from one Demat account to another — for example, when switching brokers or consolidating holdings under a single account.

This type of transfer has two main advantages:

• You avoid capital gains tax because there’s no sale involved.
• You don’t pay brokerage or transaction fees, unlike when selling and repurchasing shares.

In India, off-market share transfers are regulated and supported by CDSL (Central Depository Services Ltd) and NSDL. Since both Groww and Upstox use CDSL as their depository, the process is smooth and free of cost using the CDSL Easiest portal.

Alternatively, you can also transfer shares offline using the DIS slip method, which is paper-based but equally valid.

Now that you know it’s possible and legal, let’s explore the online method first — which is faster, safer, and more convenient.

Method 1: How to Transfer Shares from Groww to Upstox Online via CDSL Easiest

The CDSL Easiest platform is the most convenient and paperless way to transfer shares from Groww to Upstox. It allows you to move shares electronically between two CDSL Demat accounts — in this case, from your Groww account to your Upstox account — without selling them.

Here’s how you can do it in 4 simple steps:

🔹 Step 1: Register on the CDSL Easiest Portal

1. Visit the official CDSL Easiest Portal.
2. Click on “Register for Easiest”.
3. Select “Trusted Account” mode (for hassle-free transfers).
4. Enter your Groww Demat account number (16-digit BO ID), email ID, and PAN.
5. Submit the form and verify via OTP.
6. Set your login password and security credentials.

✅ Tip: You can find your 16-digit BO ID in the Groww app under the “My Account” or “Demat Account” section.

🔹 Step 2: Wait for Groww to Approve Your Registration

Once you register, your request goes to Groww for approval. This usually takes 24 hours.

• You’ll receive an email or SMS once Groww approves your CDSL Easiest access.
• After approval, you can log in and begin the share transfer process.

✅ Note: If Groww delays the approval, reach out to their customer support.

🔹 Step 3: Add Upstox as a Trusted Demat Account

1. After logging into CDSL Easiest, go to the “Trusted Account” section.
2. Click on “Add BO ID”.
3. Enter your Upstox Demat account number (16-digit BO ID).
4. Submit the request and wait for it to be approved.

Once approved, Upstox becomes your trusted recipient Demat account for transfers.

🔹 Step 4: Initiate the Share Transfer

1. Go to Transaction → Setup → Bulk Setup.
2. Choose your execution date.
3. Enter your Upstox BO ID in the Counter BO ID field.
4. Select the ISINs (i.e., the specific shares you want to transfer).
5. Enter the number of shares to transfer.
6. Choose the reason for transfer (select “Self” or “Own Account”).
7. Verify via OTP and submit.

Your shares should reflect in your Upstox Demat account within 24–48 hours.

Method 2: How to Transfer Shares from Groww to Upstox Using DIS Slip (Offline Method)

If you’re unable to use the CDSL Easiest online method or your Groww account isn’t approved for online transfers, you can still move your shares from Groww to Upstox using the DIS (Delivery Instruction Slip) method.

This is a manual, offline process — but it works just as effectively.

Here’s how to do it:

🔹 Step 1: Request a DIS Slip from Groww

Unlike traditional brokers, Groww doesn’t give DIS booklets by default. You’ll need to request one by raising a support ticket through the Groww app or website.

• Log in to Groww
• Go to Support
• Select “Request DIS booklet”
• Provide your registered email and address

Groww will courier the DIS slip to your registered address, usually within 5–7 days.

🔹 Step 2: Fill in the DIS Slip with Upstox Details

Once you receive the DIS slip, fill it out carefully. You’ll need the following information:

• Upstox DP ID: 12081800
• Upstox Client ID: Your 8-digit Upstox ID
• ISINs: The unique codes of the shares you’re transferring (e.g., INE002A01018 for Reliance)
• Quantity of shares: Enter the number of shares per ISIN
• Reason for transfer: Tick “Self” or “Own account”

Pro Tip: Double-check ISINs and your Upstox BO ID to avoid rejection.

🔹 Step 3: Sign and Send the DIS Slip

Once filled:

• Sign the slip as per your signature in Groww’s records
• Place it in a sealed envelope
• Courier it to the address mentioned by Groww’s support (usually their Bengaluru office)

💡 Always use a trackable courier service (like DTDC or Blue Dart) so you can confirm delivery.

🔹 Step 4: Wait for the Transfer to Complete

• Groww will process the DIS within 2–3 working days after receiving it
• The shares should reflect in your Upstox Demat account within 5–7 working days

If the transfer doesn’t reflect within 7 days, contact Groww support with your courier tracking number.

Details You Need Before Transferring Shares from Groww to Upstox

Before you begin the process to transfer shares from Groww to Upstox — whether online through CDSL Easiest or offline using a DIS slip — make sure you have these key details handy. Missing or mismatched information is the most common reason for failed or delayed transfers.

1. BO ID (Beneficial Owner ID)

• Groww BO ID: This is your 16-digit CDSL Demat account number with Groww.
  You can find it in the Groww app under Profile → Demat Account.
• Upstox BO ID: Your Upstox 16-digit CDSL Demat account number.
  You can view it under Account → My Profile in the Upstox app or web.

Use copy-paste directly from the apps to avoid number entry errors.

2. PAN Number (Permanent Account Number)

Your PAN must be the same and linked to both your Groww and Upstox Demat accounts. If there’s any mismatch, the transfer will be rejected.

💡 Tip: Verify your KYC status on both platforms before initiating the transfer.

3. ISINs of the Shares You Want to Transfer

An ISIN (International Securities Identification Number) is a 12-character alphanumeric code that uniquely identifies each listed company’s stock.

For example:

• Reliance Industries: INE002A01018
• Infosys: INE009A01021

You can get ISINs from:

• Your Groww portfolio
• CDSL’s official website
• NSE/BSE stock lookup pages

4. Mobile Number and Email ID (Same on Both Accounts)

Ensure that your registered mobile number and email ID are identical on both Groww and Upstox accounts. CDSL uses OTPs and alerts during the transfer process.

5. Upstox DP ID

If you’re using the DIS method, you’ll need Upstox’s DP ID:

• Upstox DP ID: 12081800

You’ll enter this along with your 8-digit Upstox Client ID to form the 16-digit BO ID.

Having these details ready in advance ensures your share transfer from one Demat to another goes smoothly, without any technical errors or delays.

How Long Does It Take to Transfer Shares from Groww to Upstox?

The time required depends on the method you choose:

• CDSL Easiest (Online Method):
  Transfer completes within 24 to 48 working hours after setup and approval.
• DIS Slip (Offline Method):
  Takes 5 to 7 working days from the date Groww receives your physical slip.

For faster processing, always initiate online transfers during business hours (before 5 PM on working days).

Tips to Avoid Rejection During Share Transfer

To ensure your share transfer from Groww to Upstox goes smoothly:

• Match BO IDs: Double-check your 16-digit Demat numbers on both platforms.
• Same PAN: Ensure the same PAN is linked to both Groww and Upstox accounts.
• Correct ISINs: Use accurate ISINs for each stock you’re transferring.
• Timely Approval: If using CDSL Easiest, complete actions before 5 PM on working days.
• Signature Match (DIS): Your signature must match Groww’s records if using the offline method.

Conclusion: Seamlessly Transfer Shares from Groww to Upstox

Transferring shares from Groww to Upstox is a smart move if you’re looking to streamline your investments or switch to a more feature-rich platform. Thankfully, it’s a simple process that doesn’t require selling your holdings or triggering taxes.

You can choose the faster online route through CDSL Easiest or go with the offline DIS slip method — both are valid and secure. Just make sure your PAN is the same on both accounts, ISINs are correct, and your BO IDs are accurately entered.

A little preparation ensures a smooth transfer from one Demat to another — no delays, no rejections, just a better way to manage your portfolio.

FAQs : How to Transfer Shares from Groww to Upstox

Can I transfer shares from Groww to Upstox without selling?
Yes, you can transfer shares directly without selling by using the CDSL Easiest portal or a DIS slip.

How long does it take to transfer shares from Groww to Upstox?
It takes 24–48 hours via CDSL Easiest and 5–7 working days via DIS.

Is there any charge to transfer shares between Groww and Upstox?
CDSL does not charge for transfers, but Groww may charge a nominal fee for the DIS slip.

Where can I find my BO ID in Groww and Upstox?
You can find your 16-digit BO ID under Demat details in both apps.

Can I transfer all types of shares using this method?
Yes, any listed equity shares held in Groww can be transferred to Upstox.

Do both accounts need to have the same PAN?
Yes, PAN must match in both Groww and Upstox for successful transfer.

What happens if Groww doesn’t approve my CDSL Easiest request?
You can use the offline DIS slip method instead.

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