Reg. Closed to Transfer Charges from One DP to Another DP

#1
Dear All, I have recently joined this community and require your help in above subject matter.

I have my Demat Account with AXIS Bank since long time and now 12 days back I have informed AXIS to close my Demat Account and transfer all the stocks to Angel Broking. All the details of Account Holder with AXIS and Angel are same. After 12 days of giving an instruction for Close to Transfer - AXIS Bank is asking for Script Transfer Charges and Holding charges for this 12 days from my Account Closure Application date. Still they have not transferred my stock and asking for outstanding dues clearance. As per my knowledge SEBI has a circular for not charging in case of Closed to Transfer. Please guide how to reply AXIS Bank for this matter?

Regards,

Samir
 

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