How to move a team from waterfall development model to scrum model? What all are the steps that one need to follow to achieve a smooth transition. What would be the acceptance curve and will it be successful altogether?
First the team needs to want the change, and the business has to support it.
There isn't a set sequence of steps, and success can vary widely, as much depends on your particular situation.
I'd recommend getting Mike Cohn's book Succeeding with Agile, which gives some excellent advice for such a transition.