You can transfer securities between two DriveWealth accounts only if you are the primary account holder for both the accounts. The name on both accounts must match exactly.
If you already hold an account through another platform that also partners with DriveWealth, please follow the steps below:
Process:
You can initiate the transfer from our Vested portal.
Log in to your Vested account using your registered email
Click on "Transfer & Wallet."
Select "Transfer from Another Broker."
Select “DriveWealth” and enter the required details. In the Platform name, you can mention your Platform name, i.e., Indmoney/Stockal.
If you have any questions or need clarification, please click the “Request a Callback” button.
Charges:
Since this is a partner-to-partner transfer, DriveWealth does not charge any fees for this transfer.
Transferring stocks incurs no capital gains tax, as it's a dealer transfer, not a sale.
Maintain your transaction records with the earlier platform for tax filing purposes.