Transfer of shares..

Discussion in 'Beginners Guide' started by anishmf, Jun 9, 2010.

  1. anishmf

    anishmf New Member

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    Hi,

    My father is having demat account with Vertex securities. He need to transfer all his shares to my Reliance Money account.
    Do you have any idea / procedure about how to do that.
    Waiting for your reply..

    anish...
     
  2. bunny

    bunny Well-Known Member

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    When he opened his account with his broker, he must have got a delivery instruction slip booklet. These slips are what a cheque is to a bank account. Ask your father to fill these slips with his and your demat account details and deposit with his broker.

    Note, there is a fixed charge of per scrip. I do not remember clearly, but its around Rs.20 per scrip.
     
  3. alroyraj

    alroyraj Well-Known Member

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    I think this is an offmarket transfer of securities since it is not routed through a stock exchange .There will be higher charges though...
     

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