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Can account holder close his / her demat account with one DP and transfer all securities to his/her account with another DP?

April 26, 2017account demat DP securities transfer

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Can account holder close his / her demat account with one DP and transfer all securities to his/her account with another DP?

1 Answer

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• Yes. He/she can submit account closure request to his/her branch DP in prescribed form. The branch DP will transfer all his/her securities, as per his/her instruction, and close the demat account.