Demat Account required for stocks bought 20 years back?

Hello all,

I have few shares which were bought like 20 years back so now i wanted to sell them so do i need a demat account for them, as at that time transaction were made with no demat.

Do now a days demat account necessary to buy or sell any stocks which were held for like -15-20 years now?


Thanks

no matter how long you hold demat account necessary to sell.

It depends on the stock. Majority of stocks are traded in DMAT form. Hence you will have to open dmat acct, and then submit a request to transfer your physical stocks to dmat form. Once they credited into your dmat acct, then u can sell them.

If you are lucky and those companies are still not moved to 100% dmat settlement but still settle paper shares, then u can sell them directly and give the physical delivery of them to your broker.

Happy Trading