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What is the procedure to transfer the shares from one demat account to other?

April 26, 2017account demat procedure Shares transfer

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What is the procedure to transfer the shares from one demat account to other?

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Ans: To transfer the shares from one demat account to another, you have to use the Delivery Instruction Slip (DIS)/Transfer Instruction For Delivery (TIFD) Slip as provided by the DP with whom the source demat account is, mention the details of the demat account where you wish to move the shares and specify the shares you wish to transfer. This DIS/TIFD Slip is required to be submitted to the nearest branch of the DP with whom you are holding your demat account.