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How to transfer shares between brokerage accounts?

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You can transfer shares between brokerage accounts in two ways:

  1. Online using CDSL Easiest or NSDL Speed-e.
  2. Offline by submitting DP Slip to the broker where you currently hold shares.

The online route is convenient. However, certain brokers will lose the authority to debit the shares from your account to meet the sell obligation. This may create difficulty in selling your holdings. Hence, ensure to check with your new broker before you opt for the online route.



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