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Can I transfer brokerage accounts?

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Yes, you can transfer brokerage accounts by opening a new account, transferring demat account holdings and closing the old one. It's easy, hassle-free and safe to move to another broker.

Steps to transfer brokerage account

Transferring a brokerage account is a simple 3 step process:

  1. Open a new brokerage account online.
  2. Transfer your demat holdings to a new broker using DIS or CDSL Easiest.
  3. Close existing Trading and Demat account by submitting paper forms.

Note:

  • Equity shares and mutual funds could easily transfer to a new brokerage account by submitting a DIS slip to your old broker. You could also transfer them online using the CDSL website if both old and new demat accounts are with the CDSL depository.
  • Close all F&O positions and clear dues before submitting the account closure request.
  • If you don't get the account closure confirmation, follow up with the broker.



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