InvestorQ : Can you tell me about the online gifting platform launched by Zerodha?
Lavanya Subramanian made post

Can you tell me about the online gifting platform launched by Zerodha?

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Anamika Sodhani answered.
4 months ago
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Zerodha, one of leading discount brokers in India, announced a platform for gifting stocks, ETFs and gold bonds to friends and loved ones. This platform will make the process of gifting of financial assets totally seamless and simple as it can be completed online.

This facility rides on CDSL’s e-DIS (Electronic delivery instruction slip) facility, which allows financial assets to be transmitted electronically. Current the method followed is to execute an off-market transfer via physical delivery instruction slip (DIS) and sending it to the broker for transfer. Now that entire process becomes electronic.

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