Short answer: if your RSU shares or US stocks are already connected to Paasa, confirm whether you are moving eligible shares in kind, moving USD cash, or selling first. Those are different decisions.
Paasa's own education material explains that US stocks can often be transferred to another broker without selling, using an in-kind route such as ACATS where available. It also flags that transferability depends on the asset, broker, and account setup.
That is the right starting point. Do not assume "transfer" means "sell and move money."
Start with asset type
Before moving anything from Paasa, identify what you hold:
- ✓Employer stock from vested RSUs.
- ✓Regular US-listed common stock.
- ✓ETFs.
- ✓Bonds.
- ✓USD cash.
- ✓Fractional shares.
- ✓Unsettled trades.
- ✓Unsupported or illiquid securities.
Paasa's migration material for INDmoney to Paasa lists common limits that are useful for any transfer checklist: fractional shares, unsettled trades, crypto, non-US assets, and certain illiquid or OTC securities may not transfer in the same way as ordinary US-listed shares.
The receiving broker will also have its own list.
Why the route matters
If you sell shares before moving, you may create a capital gain or loss, lose market exposure, and create extra tax records.
If you transfer eligible shares in kind, the shares may move without a sale at that moment. You still need records because a future sale can require the original vest date, cost basis, and exchange-rate history.
If you move USD cash, you need to ask whether the cash should remain abroad, come to India, or be reinvested. That can raise FX, LRS, TCS cash-flow, and reporting questions.
The right route depends on the reason for the move.
Where Rovia fits
Rovia helps review the transfer before it becomes an instruction.
For Paasa-linked holdings, Rovia should check:
- ✓Whether the employer-stock position is too concentrated.
- ✓Whether the user needs INR cash or global exposure.
- ✓Whether shares can move in kind.
- ✓Whether a sale is intentional or accidental.
- ✓Which lots are in gain or loss.
- ✓Whether all vest and cost-basis records are saved.
- ✓Whether the receiving broker supports the security.
This is especially useful when a user has RSU shares, ETFs, and cash in the same platform. A platform move should not blur the investment decision.
Mistakes to avoid
Do not transfer without confirming the underlying account and receiving-broker details.
Do not assume all assets transfer. Fractional shares and unsettled positions often need special handling.
Do not sell first unless the sale is part of the plan.
Do not rely only on the new broker's imported basis. Keep the original records.
Do not ignore fees. Paasa's migration material discusses a DriveWealth transfer-out fee in an INDmoney-to-Paasa context; your exact outbound route from Paasa needs current confirmation.
Read next
Sources:
- ✓Paasa transfer US stocks without selling: https://paasa.com/blog/can-you-transfer-us-stocks-to-another-broker-without-selling
- ✓Paasa transfer from INDmoney: https://paasa.com/blog/transfer-indmoney-to-paasa
- ✓SEC transfer tips: https://www.sec.gov/about/reports-publications/investorpubsacctxferhtm