What is the process to transfer shares?

In order to transfer shares from your demat account to another demat account, it is mandatory to submit a DIS (Delivery Instruction Slip) duly filled and signed by the account holders. You need to fill up the off-market trade portion of your Delivery Instruction Slip. Here are the details required to be filed in the DIS:

• DP Name: Target DP name (where you want your shares to be transferred)

• DP ID: Target DP ID

• Client ID: Demat account no. of the client in whose account you are transferring the shares

• Security Details: Scrip name, ISIN and quantity

In case you wish to transfer more than three securities in one slip, the Annexure should be updated in the proper format (only 30 entries per DIS leaf in a maximum of three annexures is allowed, each containing 10 records). You can send these documents to the following address:

Sharekhan Comtrade Private Limited
Lodha, I Thank Techno Campus, 10th Floor, Beta Building, Off. JVLR, Opp. Kanjurmarg Rly Station, Kanjurmarg (E), Mumbai - 400 042.

The charges levied would be 0.03% of the value of transaction (Minimum INR 30) per ISIN.

If you wish to transfer shares from another demat account to your Espresso demat account, the same process needs to be followed with that DP.

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