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How do I transfer from one demat account to another demat account?

asked

 

Transfer of securities from one account to another account can be affected through off-market transactions (i.e. without routing through the broker or stock exchanges) by furnishing the depository participants identity number and the client identity no. The duly filled in slip is to be submitted to the concerned DP with whom you have the demat account. The transfer is affected by NSDL after receiving the executed document forwarded by the DP on behalf of the Client. Charges are applicable and the transferor will have to disclose the market value of the shares intended to be transferred in a separate form which is to be annexed along with the off-market transfer slip.

Answered by Mr Ramu

answered


5 Comments

jayanta kumar padhi
5. jayanta kumar padhi  Feb 28, 2010 14:59 Reply
ACTUALLY, I WANT TO TAKE A SUB BROKERSHIP FROM A GOOD STOCK BROKING COMPANY. I HAVE CONSULTED A FEW COMPANIES AND ALL ARE CHARGING RENTAL FOR TRADING SOFTWARE AND ACCOUNTING SOFTWARE ON A MONTHLY BASIS. AND CONNECTIVITY CHARGE IS ALSO CHARGED BY THEM. SINCE I AM A NEW TO THIS BUSINESS I COULD NOT UNDERSTAND WHICH IS RIGHT. PLEASE HELP ME SOMEBODY IN THIS REGARD.

HOPING TO RECEIVE REPLY IN DETAILS.
UDAY UKIDWE
4. UDAY UKIDWE  Mar 9, 2012 16:12 Reply
I want to know if I can transfer ONLINE from one DEMAT a/c to other within same DP (ICICIDIRECT.com) and the procedure for the same .
Radhika  Trivandrum
3. Radhika Trivandrum  Sep 30, 2009 15:16 Reply
Pls fill the DIS(Delivery instruction Slip ) with ur DP id & Targeted DP details & submit at your Branch.A small charges applicable.Charges will be less if u are Transfers into Same DP client.If it is into other DP, charges will be little more....
Ramu
2. Ramu  Mar 21, 2008 23:10 Reply
Transfer of securities from one account to another account can be effected through off-market transactions (i.e. without routing through the broker or stock exchanges) by furnishing the depository participants idendity number and the client idendidty no. The duly filled in slip is to be submitted to the concerned DP with whom you have the demat account. The transfer is effected by NSDL after receiving the executed document forwarded by the DP on behalf of the Client. Charges are applicable and the transferor will have to disclose the market value of the shares intended to be transferred in a separate form which is to be annexed along with the off-market transfer slip.
Ketan Patel
1. Ketan Patel  Jan 17, 2008 14:16 Reply
Fill form for transefer from your Broker and transfer to other demat a/c with per transaction fee is 30.0 rs

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More Demat Account Questions...

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  2. How do I transfer from one demat account to another demat account?
  3. I do not have a demat account. Can I apply in an IPO?
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  5. What are the maintenance changes for a demat account? Are there any hidden charges or processing fees on the transactions I do on demat account?
  6. Do I have to pay yearly maintenance changes even I do not hold any shares in my demat account?
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  10. What is CDSL and NSDL ?
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  12. What is a depository?
  13. Who is Depository Participant (DP)?
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  16. How many demat accounts I can open?
  17. Is there nomination facility in demat account ?
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  20. What kind of help can I get If I have problem with my NSDL demat account?
  21. Can I take a loan on my demat holdings?
  22. How much do I pay for my demat account?
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  24. What precautions should i take to prevent misuse of securities lying in my account ?
  25. Can I open more than one demat account with only one DP in identical names?
  26. Can a demat account be opened with four holder's names?
  27. What is the Standing Instruction given in the demat account opening form?
  28. Can someone else operate my demat account on my behalf on the basis of Power of Attorney?
  29. What is a clearing member account and how is it different from a beneficiary account?
  30. How many Demat Account can be added to my Trading Account?
  31. How many Demat Accounts do I need?
  32. Is there any nomination facility in Demat Account?
  33. Do I need to contact all companies for any update in my personal details?
  34. What precautions should I take to prevent misuse of securities lying in my demat account?
  35. I am not a frequent trader on stock exchange. What should I do with Transaction Statement?
  36. How much do I need to pay for my Demat Account?
  37. What kind of help can I get if I have any problem with my NSDL Demat Account?
  38. What are the value added facilities on my demat account?
  39. How long can I hold the shares of a company? What are the changes applied in holding shares for the long term?
  40. How do I safeguard my Demat Account with Power of Attorney to Broker?
  41. Are there different types of Power of Attorney?
  42. What is the validity of my Power of Attorney for demat account?
  43. Are there any charges associated with Demat Power of Attorney?
  44. Does broker allows time bound Power of Attorney for Demat Account?
  45. Should Power of Attorney be printed on the Stamp Paper?
  46. Can I sign Power of Attorney online?
  47. Can a Broker misuse the Power of Attorney?
  48. Can a Broker withdraw money from my linked bank account using the Power of Attorney I gave?
  49. Can I use Broker Pool Demat Account to keep my share and do not give Power of Attorney?
  50. Can I trade in Futures and Options without Power of Attorney to my Demat account?
  51. My signed Power of Attorney is still in courier. Can I still trade?
  52. How can I get dividends directly to the bank instead of the cheque? Is there any online application?
  53. Can I add another person to my demat account?
  54. Why do I need a demat account?
  55. Is demat account required for SIP?
  56. What is the differences between NSDL and CDSL?
  57. Does any stock broker offer CDSL Easiest facility?

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