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| Discuss transferring shares from one demat a/c to another. at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Question for Traderji and other knowledgeble friends: What is the procedure for transferring the Shares ... |
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#1
17th June 2005, 03:09 PM
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transferring shares from one demat a/c to another.
Question for Traderji and other knowledgeble friends:
What is the procedure for transferring the Shares from one demat a/c to another? For example, if I want to switchover to a different online demat service provider (and discard the previous service), how do I transfer the shares from the old a/c to the new one? Common sense (?) tells me that the transfer should be something similar to the cash funds, but I request someone to shed moe light on this, and also I would like to know if there would be any "charges" involved in such kind of transfer. Forgive me if this is a repeat question at the forums, but I have not noticed such discussion so far. Thanks in advance. 
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#2
17th June 2005, 06:48 PM
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Re: transferring shares from one demat a/c to another.
You have to fill up the demat transfer slip under "Off Market Trades" and your shares will be transferred to the other personal account.
There will be a charge for this.
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#3
17th June 2005, 07:39 PM
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Re: transferring shares from one demat a/c to another.
Further there would only be a charge in the account from which you are issuing the debit instruction. The account in which the shares/scrips are being credited would not be charged as SEBI/NSDL has waived all charges for credit (or buying) as we refer it.
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#4
20th June 2005, 09:44 AM
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Re: transferring shares from one demat a/c to another.
Quote:
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#5
19th December 2007, 09:20 PM
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Re: transferring shares from one demat a/c to another.
i am facing the same problem... but i dont even have the online access of that demat account. in this case what is the offline procedure to transfer the shares? and how much time it will take?
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