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| Discuss transfer of shares between two demat account? at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I want to know if its possible to transfer shares from one icicidirect demat ... |
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#1
6th July 2007, 08:38 PM
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transfer of shares between two demat account?
Hi,
I want to know if its possible to transfer shares from one icicidirect demat account to another icicidirect demat account? what is the procedures? Is there any fees? How long it will take to reflect in that account? any tax issues? thaknks, BT 
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#2
7th July 2007, 05:24 PM
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Re: transfer of shares between two demat account?
Even I want to know if this possible between two different online brokers. like ICICI to SHAREKHAN to 5paisa. etc
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#3
8th July 2007, 12:16 PM
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Re: transfer of shares between two demat account?
Yes, Off Market is possible between any DPs (Depository Participants like ICICI, ShareKhan, SHCIL, ILFS,Karvy). This transfer consume OFF market Transaction fees and it vary from DP to DP based your Tariff arrangement. Some fair DPs charge Rs20/- flat a company.
If you opt to close the account by transferring all the holdings to other DP then such a OFF market Transfers should happen at Zero Cost as per the new SEBI guidelines. SunliMogan
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#4
8th July 2007, 02:00 PM
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Re: transfer of shares between two demat account?
Quote:
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#5
5th October 2007, 04:57 PM
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Re: transfer of shares between two demat account?
pls can u quote the SEBI guideline which says that transfering holding and closing the demat a/c requires no transfer fees?
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