Delivery Instruction Slips
What is delivery instruction slip (DIS)?
To give the delivery of shares from one account to another account, the investor has to fill ‘Delivery Instruction Slip (DIS)’. DIS may be compared to cheque book of a bank account. The following precautions are to be taken in respect of DIS:- Ensure and insist with your DP to issue DIS book.Ensure that DIS numbers are pre-printed and DP takes acknowledgment for the DIS booklet issued to investor. Ensure that your account number [BO client id] is pre-stamped. If the account is a joint account, all the joint holders have to sign the instruction slips. Instruction cannot be executed if all joint holders have not signed.Avoid using loose slips Do not leave signed blank DIS with anyone viz., broker/sub-broker. Keep the DIS book under lock and key when not in use. If only one entry is made in the DIS book, strike out remaining space to prevent misuse by any one. Investor should personally fill in target account -id and all details in the DIS. Keep track of your DIS at frequent intervals.
Is it possible to give delivery instructions to the DP over Internet?
Yes. Both NSDL and CDSL have launched this facility for delivering instructions to your DP over Internet, called SPEED-e and EASI respectively. The facility can be used by all registered users after paying the applicable charges. This would allow you to transfer shares through click of a mouse.
Categories: Indian share market
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