Gifting of Securities
How can I view my referrals for gifting?
If the individual you intend to send a gift to isn't already a FYERS client, you must first refer them. Here's how: Login to 'My Account' and Go to 'Gifts' option. Provide essential details like the Giftee's name, mobile number, and email ID. Once ...
Why aren't gifted stocks appearing in my holdings?
After completing the CDSL authorisation, we generate the holdings file, which is processed at the end of the day. Consequently, it can take up to 24 working hours for the gifted stocks to be visible in the Giftee’s (Receiver's) Demat account.
How do I track the status of my gifts?
To keep tabs on your gifting transactions, follow these steps: Log into 'My Account'. Choose the 'Gifts' option. Click on the 'Status' tab. Here, you'll see a summary of your gifting transactions. The possible statuses are: Success: Your gift ...
How to cancel my gift transaction?
If you've initiated a gift transaction and it hasn't been completed yet, you can cancel it while it's still pending. Here’s what you need to do: Access My Account: Log into your 'My Account' and navigate to the ‘Gifts’ section. Review the Status: ...
What are the tax implications of gifting stocks?
Gifting stocks carries unique tax implications for both the person giving the gift (the Gifter) and the one receiving it (the Giftee). For the Gifter: Capital Gains: As outlined in the Income Tax Act, the transfer of a capital asset would typically ...
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 ...
Are there any charges for gifting stocks on FYERS?
There are no platform fees for using the stock gifting feature on FYERS — gifting is free of charge. However, a flat DP charge of ₹12.5 + 18% GST per stock (ISIN) is applicable for each gift transaction. This fee is treated as an off-market demat ...
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 ...
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 ...