Cm bp id for nsdl speed e

[Nitin_Bhasin]

i AM TRING TO REGISTER FOR NSDL SPEED E FACILITY SO THAT ONLINE TRANSFER OF SHARES MAY BE DONE FROM ONE DEMAT TO ANOTHER IN MY OWN NAME. I AM BEING ASKED CM BP ID ? WHAT TO FILL HERE ? I WANT TO TRANSFER FROM HDFC SECURITIES TO ZERODHA…SO SHOULD IT BE ZERODHA’S CM BP ID ? LET ME KNOW

[Aoz]

You may refer to the two threads below that addressed your similar query.

What is Zerodha CM BP ID?

If you’re transferring shares from your NSDL account to your CDSL account, you’ll have to initiate an off market transfer for which you don’t need the CMBP Id. You’ll need the CMBP Id for doing On market trades only, ie transferring shares to your broker in case there’s an payin obligation.

Clearing member BP ID

CMBP ID is required if you are transferring shares to Zerodha’s pool account in order to meet a settlement obligation. To transfer shares to your account that you hold at Zerodha, you will have to give your broker a copy of your CMR (Client master report) that has your demat account number mentioned on it, not Zerodha’s. Here’s how to get your CMR