From TDS Custodial to TDS Custodial
With switches between custodial members, the process is straightforward. As a TDS Custodial member, you can independently use the member-to-member transfer function.
This seamlessly transfers the deposit from one member to another at the click of a button.
TDS Insured to TDS Custodial
If your agent currently uses TDS Insured and you want to make the change to TDS Custodial under your own management, the first step would be to create a custodial membership (if you don’t already have one) and register the details of the deposit under your own custodial membership.
Once you have registered the deposit, you should provide the TDS Custodial scheme bank details and the relevant reference to the agent so that they can transfer the deposit monies directly to TDS. Once TDS receives the money, we will allocate this against the registration, and you will receive an email to confirm the deposit is protected.