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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSDL- Enhancement in the NSDL SPEED-e Application to enable off-market transfer instructions for password-based users

23-Feb-2026 | Circular No.: NSDL/SPEED-e/POLICY/2026/0004

NSDL has issued a circular on the Enhancement in the NSDL SPEED-e Application to enable off-market transfer instructions for password-based users. The salient features for SPEED-e Password Users are: 1. SPEED-e Password-based user is now enabled to submit Off-Market Transfer instructions to other NSDL Demat accounts digitally through the SPEED-e Website. 2. The instruction entry flow follows the same user experience and data-capture format as the existing Off-Market Transfer - 'Delivery to Client' module available to SPEED-e e-Token Users. 3) Client shall log in to the NSDL SPEED-e website and click on 'Add Beneficiary' under inquiries and submit a request for the addition of the target beneficiary demat account of NSDL before initiating an Intra-Depository Off-Market instruction. 4) Each Off-Market instruction submitted by a SPEED-e password-based user will require mandatory OTP-based authorisation to validate and confirm the transaction. 5) Upon successful validation of OTP, the off-market transfer instruction will be submitted and proceed with the existing process, including validation of beneficiary details, fulfilment of stamp duty payment, etc. 6) All submitted Off-Market instructions will be processed in accordance with the existing operational guidelines and cut-off timelines applicable under the SPEED-e facility.

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