What is the procedure for the gifting of shares/ETFs/mutual funds in FYERS?
Gifting securities is an excellent way to share your investments with friends or family. Here’s how you can gift shares, ETFs, or Mutual Funds on FYERS:
If the Giftee has a FYERS Account:
Initiate the Gift: Go to ‘My Account’, and navigate to 'Gifts'.
Identify the Giftee: Input the recipient's PAN or registered mobile number and click ‘Continue’.
Verify Giftee Details: Check the giftee’s details (displayed partially for security) and confirm by clicking ‘Continue’.
Select Securities to Gift: Your holdings will be listed. Choose the specific securities and quantities you want to gift and proceed.
Personalize Your Gift: Review your gift details, add a personal message, and click ‘Continue’.
Authorize the Transaction: Post-market hours, you'll receive a CDSL authorization link via SMS and email. Click on the link and authorize the transaction using the OTP sent to you.
Transaction Initiation: Once authorized, your gift transaction will be initiated.
Check Status: To track the gift, click on ‘Status’ tab. You'll see updates until the giftee successfully receives it.
If the Giftee doesn’t have a FYERS Account:
Attempt to Gift: Follow the initial steps as above, entering the giftee's PAN or mobile number.
No FYERS Account Notification: If the giftee isn’t a FYERS client, you’ll be notified.
Refer the Giftee: Fill in the giftee's details to refer them to open an account with FYERS.
Account Opening and Mapping: Once the giftee opens an account, it will be linked to you. You can then initiate the gifting process as outlined above. To know more about the refer and earn, click here.
This process ensures a smooth and secure way to gift securities to your loved ones, making your gift a truly valuable one.
Related Articles
How can I invest in Mutual Funds with FYERS?
You can invest in Direct Mutual Funds in our exclusive mutual fund platform of Fyers Direct at Zero Commissions. The investments can be in Lumpsum or Systematic Investment Plan (SIP). The procedure to Buy Mutual Funds is as follows: Login to Fyers ...
Can I Buy Regular Mutual Funds in FYERS?
Regular Mutual Funds are the funds bought by Mutual fund brokers, distributors & advisors. Currently, we are not catering to the services of Regular mutual funds. However, you can invest in Direct mutual funds through FYERS at Zero commissions. To ...
What are the timings for gifting shares on FYERS?
You can initiate a gifting transaction anytime from 12:00 AM to 05:30 PM on a trading day. Here's what you need to know: If you start the gifting process within the aforementioned timeframe, the CDSL authorization will be sent between 6:00 PM to 7:30 ...
How to redeem mutual funds in Fyers Direct?
Redeeming mutual funds on Fyers Direct is a straightforward process. Follow these steps to ensure a smooth redemption: Navigate to the dashboard and select either holdings or SIP. Click on the redeem option. An option to 'Authorize holdings' will ...
How many scrips can be gifted in a single transaction with FYERS?
With FYERS, you are empowered to gift up to 100 scrips in one transaction, which can include Equity Shares, ETFs, and Mutual Funds, regardless of the quantity involved. Please remember that for the gifting process, only the shares that are free and ...