Selling Shares

Hello Everyone,

I wish to sell shares worth about 10 lacs which I was holding in paper form till now (about 15-20 share certificates). I have got them DMATed in a DMAT account with a nationalised bank (Bank of Maharashtra!!!) solely because they have a branch next to my house. Now how do I go about selling these shares? Please help.

I had operated in stock market 15 years back. But things I believe have changed and I am not in India any longer. So I would have to handle this by remote control using my (reliable) relative as an intermediary. Could some body please advice?

Regards & Thanks

DEAR NAG,


please take online trading account from the bank and you can sell the same sitting outside india. The money can be transferred to your account in India.

regds

Dear Mr Radhakrishnan,

Thank you so much for the response. Yes, I would love to have an online trading account linked to this DMAT account. But I dont think Bank of Maharashtra (my DMAT account provider) has online trading facility. So what are the options?

I had tried opening ICICI Direct 3-in-1 account but they informed me that the facility is not available to NRIs in Australia which is where I reside.

Thanks & Regards

Dear Nag,


You contact Geojit and find out how u can open an account. Dont open an NRI account but normal trading account only. U can trade your shares from that account even if it is in the account of the Bank. Check with them, they will help you.

you can write to [email protected] if you need any help.


regds
RK

Dear Mr Radhakrishnan,

Thanks again for the response. I will give your suggestion a try.

Regards