While transfer of shares from one demat to another can be done online, the more popular method is the manual transfer of shares from one depository to another. There are broadly two types of transfer viz. When you do an off-market transfer, you must use the Debit Instruction Slip (DIS) booklet provided by your DP.
Likewise, people ask, how much time does it take to transfer shares from one demat account to another?
It will take between 3-5 business days for the existing broker to transfer the required shares from the old Demat account and for the new broker to receive the shares in the new account. The current broker may apply a few charges for this procedure, and the rates vary from one broker to another.
Secondly, can we transfer shares from one person to another in Zerodha?
To transfer shares from one Zerodha account to another, the person making the transfer needs to fill up the DIS slip. Once we receive the filled DIS, the transfer of shares will be complete within 48 hours.
What is the procedure for transfer of shares?
How to Transfer Shares of a Private Limited Company
- Step 1: Obtain share transfer deed in the prescribed format.
- Step 2: Execute the share transfer deed duly signed by the Transferor and Transferee.
- Step 3: Stamp the share transfer deed as per the Indian Stamp Act and Stamp Duty Notification in force in the State.
Can we have 2 demat accounts?
It is perfectly legitimate to have multiple Demat accounts just as you can have multiple trading accounts. The only condition is that you cannot have multiple trading accounts or multiple Demat accounts with the same broker or the same DP. Every Demat account involves some cost.