Transfer holdings from NRE DEMAT A/c to another Indian Resident DEMAT A/c

[puremeteor]

Hi,
I have an NRE DEMAT Account with HDFC Securities in which I hold a portfolio of stocks.
Now I have returned back to India and I wish to open an indian resident DEMAT Account with another DP (i.e. non-HDFC).

My question is:
1. can I transfer the NRE DEMAT holdings from HDFC securities to the newly opened Indian resident non-HDFC DEMAT Account directly ?
OR
2. should I first convert the NRE DEMAT in HDFC to Indian resident DEMAT in HDFC itself and only then transfer the holdings to the non-HDFC DEMAT Account?

Also noting:
HDFC Securities is part of NSDL while the other DP is part of CSDL. Will the procedure be different in this case?

 

[Oscar12]

Hello Friend, i suggest you must contact HDFC Securities for closure of trading account on email- [email protected] / call on 28346685 due to status change.

For share transfer i guess HDFC Bank takes care of this. You can write to them on [email protected] /call on 61606161 with the extension of 5.