How long does it usually take for the existing DP to authorize the transfer? Does it only happen during working hours or otherwise also?
How did you get it authenticated by your current DP? I an facing an issue where my current DP Groww is not authenticating my zerodha ACC as trusted user for last 4-5 days.
So I went into SEBI’s website and registered a complaint providing DP details and my complaint message . It took 4-5 days but I got an email from my broker and a confirmation call from SEBI as well to solve this.
Depends on the respective DP, at Zerodha we approve easiest registration & trusted account addition, multiple times a day including Saturdays during operating hours. The off market transactions are approved on market days post completion of trade process and settlement.
Refusal comments by HDFC Sec.
“DP provides online trading with online market trade and margin pledge functionality, due to avoide issue in completing exchage obligations we are unable to process your request”
any alternate ways to transfer.
Thanks.
You can opt for a DIS booklet and request them to process your transfer request.
you will be charged 0.03% or Rs 25 whichever is higher per ISIN (scrip). + 18 % GST. - is this still true or you have changed to flat Rs. 25? @VenuMadhav
We have revised our off-market fees in Nov’24, it’s Rs 25/- per transaction.