• How to register to easi/easiest account?
• What is the use of easi/easiest account?
• How can we protect PoA through easi/easiest account?

What is easi?

Electronic access to securities information( easi) is a convenient, easy to operate internet based facility, which allows Demat Account Holder (also called registered Beneficial Owners (BOs)) to access their Demat account directly from the website of CDSL (www.cdslindia.com), anytime anywhere, avoiding back office of Depository Participant, through which you would have opened your Demat Account.

What is easiest?

Electronic access to securities information and execution of secured transactions(easiest), permits Demat Account holders to submit freeze, unfreeze, off-market, on-market, inter-depository and early pay-in debit instructions from their demat account. All the facilities and benefits of easi are automatically made available to a subscriber of easiest.

What are the benefits of easi/easiest to Demat Account Holder/ (Beneficial Owner) BOs?

1. Freeze and unfreeze holding in part or full or even part quantity of particular Scrip/ISIN. By this, even after giving PoA to Stock Broker, you can make sure that PoA cannot be misused, as ISIN can be frozen and you may unfreeze when you want to sale particular scrip and quantity. By this process, you can make PoA inactive for whatever period, you would like. ( not available in easi)
2. Viewing and printing of holdings and/or transactions for last 30 days in their account. (no restriction in easiest for number of days)
3. Viewing and printing the valuation of holdings in their demat account based on the previous day’s closing price on BSE.
4. Viewing multiple demat accounts through a single login id.
5. Monitoring corporate announcements related to the securities, held in their demat account. A BO also has the additional option to add up to 25 ISINs not held in their demat account, but wishes to monitor corporate announcements for such ISINs.
6. Transfer to other BO/ Demat account. ( only in easiest)

What are the different types of account transfers available on easiest?

There are two types of account transfers available on easiest:

1. Trusted account - Transfers: Permits transfers of securities from a BO/Demat Account Holder account to any 4 CDSL demat accounts of the BOs choice, which have been pre-notified by the BO/Demat Account Holder.
2. Account of choice - Transfers: Permits transfers of securities from a BO/Demat account holder’s account to any other demat account. All the on-market, off-market, early pay-in and inter depository transactions are authenticated by means of a digital signature. The digital signature should be obtained from any of the RA (Registering Authority) of TCS (Tata Consultancy Services). CDSL being one of the RAs of TCS also provides Digital Signature at a cost.

PROCEDURE FOR REGISTRATION EASIEST FACILITY OF CDSL DEMAT ACCOUNT HOLDER

 

1. For registration, Sole holder BO/Demat Account Holder should enter his 08 digits - DP ID and 08 digits- Client ID and click in the check box & then click on Next.

   

2. OTP will be received on the CDSL registered mobile no. [Registered for SMS alert] In case of NRI OTP will be received on the CDSL registered email id. Then submit the OTP and click on Next.

   

3. The BO/Demat Account Holder will be required to enter the preferred user name, security question & answer & Select the type of transfer i.e. trusted account transfer/Account of Choice transfer.

   

   • In case of trusted account transfer, User will be required to enter the trusted account holders demat account no. of the BO’s/Demat Account Holder’s choice [any four CDSL demat account], wherein the BO wishes to transfer the securities.

   • If the BO wishes to group any of his other demat account/s, BO/Demat Account Holder has the option to do so at the time of registration also.

4. At the end of the registration, in case of Account of choice User, message will be available to the User “Registration request forwarded to the DP for authentication” In case of trusted account registration two message will be available to the BO/Demat Account holder at the end of the registration “Registration request forwarded to the DP for authentication” and “Duly signed trusted account holders forms to be submitted to the DP for authentication of trusted account holders” and only trusted account declaration form and/or grouping form [if any account is grouped during registration] will be available to the BO for download.

5. Once the DP authenticates the easiest registration of such sole holder BO/Demat Account Holder and when the user is logging to his/her easiest account facility for the first time, system will generate and send an OTP on registered mobile and registered email ID incase of NRI, the user will be prompted to enter the OTP at first time login.

Why should I subscribe /register for the easiest?

Easiest, not only provides all the benefits of easi, but also gives a BO/Demat Account Holder the convenience of executing debit/credit instructions from their demat account, over the internet, anytime anywhere. Biggest advantage of easiest is to Freeze and unfreeze holding in part or full or even part quantity of particular Scrip/ISIN. By this, even after giving PoA to Stock Broker/ relatives, you can make sure that PoA cannot be misused, as ISIN can be frozen and you may unfreeze when you want to sale/ transfer particular scrip and quantity. By this process, you can make PoA inactive for whatever period, you would like. ( not available in easi)

Do a BO/ Demat Account Holder still need to submit instruction slip(s) to the DP when executing transaction(s) on easiest?

No. A BO who submits instruction(s) through easiest need not give any instruction slip(s) to their DP.

If I am registered for easi, can I register for easiest?

Yes, you can by selecting the option ‘Upgrade BOID to easiest’, in your easi account login.

Can a BO/Demat Account Holder submit multiple transactions through easiest?

Yes. The easiest upload facility enables a BO/Demat Account Holder to submit multiple transactions in a single file.

Who can avail of the upload facility?

All BOs/Demat Account Holders who have opted for the account of choice login only, in easiest can avail of this facility. A BO/Demat Account Holder would have to approach their DP to have their upload rights activated.

Can I monitor corporate announcements for the shares in my demat account through my easiest login?

Yes, you can monitor corporate announcements for the securities held in your demat account through your easiest login. You can also add ISINs not held in your demat account, but wish to monitor corporate announcements for such ISINs.

Additional Links:

• How to avoid misuse of Power of Attorney (PoA) by Stock Broker/ Brokerages or relatives?

• Why Stock Brokers ask for Power of Attorney (PoA) of Demat Account?

S P Toshniwal
Founder and CEO
www.prostocks.com