How to gift securities?
Stocks, ETFs, and gold bonds can be gifted online to anyone with a Zerodha account. If the recipient does not have a Zerodha account, they can create a new account and receive the gift. To open a new account online, see How to open a Zerodha account online?
To learn how to gift securities, follow these steps:
- Log in to kite.zerodha.com.
- Click on Holdings.
- Hover over the security to be gifted and click on Options.
- Click on Send as a gift.
- Enter the gift receiver's name, mobile number, email address (optional), and gift message (optional).
- Click on Continue.
- Select the securities that are to be gifted. Only the securities that are approved for gifting (DOC) are displayed.
- Enter the quantity.
- Click on Confirm & send.
What are the fees for gifting?
The standard off-market transfer fee of ₹25 or 0.03% per stock, + 18% GST whichever is higher, is applicable. There are no additional charges for gifting securities. This is automatically debited from the sender’s trading account. See What are the charges for gifting stocks?
What are the tax implications of gifting?
The tax implications depend on the value of the stocks gifted. The recipient may have tax implications if the value of the gift exceeds ₹50,000. To learn more about tax implications, see Are there any income tax implications on gifting of shares?
Did you know?
- Gifting stocks from the account and selling them simultaneously may result in an exchange auction penalty.
- The gifting request won't be processed if Zerodha's account balance is negative or zero. If there are no funds in the Zerodha account and if funds are added today, the funds statement balance will be updated on the following day. As a result, the gifting request will only be processed on the next day.
- For tracking and reporting purposes, the stock's closing price on the day the stock gets transferred is the exit price for the person gifting the stock, and the same price is used as an entry price for the person receiving the gift. The average price is updated within 3 working days after the stocks are transferred. While filing for income tax, a different view can be taken on the acquisition price.
- Unsettled shares cannot be gifted. See What does settlement cycle mean?
- Shares cannot be gifted if the Zerodha account is dormant. Clients must complete the Re-KYC process to gift shares. To learn how to do the Re-KYC, see How to reactivate the Zerodha account?
Related articles
- Are there any income tax implications on the gifting of shares?
- Can shares be transferred to minors?
- What are the different ways to transfer shares from a Zerodha demat account to another demat account?
- How to open a minor account offline at Zerodha?
- How to open a minor account online and offline at Zerodha?
