My father has a few hundred shares of SBI which are in physical paper format which he had bought around 20 years back. Please guide me the easiest way to transfer them to my Zerodha account.
I called up Datamatics Financial Services, Mumbai which is the Registrar & Transfer Agent for SBI.
They told me to download and submit the SH4 Form and at first share name transfer has to be done in my name in the physical format. And then the paper shares in my name will be converted to my Demat account.
The process will incur Stamp Duty 0.25% of the market price of the shares.
Documents required:-
PAN of both buyer and seller
Original Share certificates
Just wanted to know if there is an alternate process for easy transfer?
What if I open a Demat a/c for my father on Zerodha and then convert the physical shares to his Demat a/c and then transfer from his Demat to my Demat? Will it be easier that way?
Also, what would be the taxation implications for share transfer in my name?
Please guide.
Thanks.
Yeah, you’ve mentioned both the options:
-
Change share certificate to your name and then dematerialize to your Demat. Steps as you’ve mentioned.
-
Open Demat in dad’s name, dematerialize into his Demat and then have the shares transferred to your Demat using DIS. You can avoid the RTA process.
No tax implications as the shares are long-term holdings now.
1 Like
Will option #2 i.e. opening Zerodha A/c for my father, dematerialise the paper shares into his Demat and then transferring them into my Demat be an efficient method?
Can anyone help me with the charges please.
If the intention is just to transfer shares to your Demat, then Step 1 is more efficient. The Demat tariff sheet is available in the account opening form > page 14.
Hey Rupesh
Have you got transfer sbi share to demat form.
Same is my case .can you please help me also in this regard.
My father was sbi employee and that time he bought sbi share. I still have sno share …I want to convert it into demat form.
Pankaj :8125616085 request you to please call if you have already gone through process.
@rahul_kumar3 @rupeshmandal : As explained the process is EITHER (1) get the physical share transfer from your father to your name and than get the same demated on your existing demat account. this is suitable if your father do not have demat account and does not hold any other share so opening a demat account just for 1 scrip may not be a good idea. this process will incur 0.25 stamp duty plus postal charges . (2) directly open a demat account on your fathers name exactly as per name on share certificate.
My father also worked in sbi and died 15 yrs back, My fathe’rs share certificats were miissedd some where place, even not found any zerox copies and also original, pls tell me the process, how could i get back that share to my mother demat account.
@jayasimha : frankly speaking when the lost shares are on single name of a person who passed away ,it is very difficult ,time consuming ,expensive and tedious to obtain duplicate certificate from company. do you get dividend and annual report ? if yes than you can know the folio no and on this basis you write a registered letter to company /registrar asking the formalities of a duplicate share certificate.
@rupeshmandal
Hi Rupesh
The SBI share was split. Did your father received the new physical form with FV of Rs1 during that period. If not can we dematerialize with the old physical form.
Yes. He had received the split share certificates.
Please check with the RTA of SBI or the Investor grievance department. They would be able to guide you better on this.
1 Like
Okay, thank you. Sure I will.
Greeting Mr. Srinivas,
as mentioned in the above subject. I have my late father’s share certificate in Physical Format which happens to be of SBI Employees Share certificate.
I want to know what is the procedure for transferring that shares in my name, I have me Demat Account in Zerodha.
I have all the necessary Documents of my father’s please let me know the procedure for the same and what would be the cost for the transfer of the shares.
As my Father demised in the year 2014 September 29, I have not received any Share certificate from SBI that was of FV 1/-
So can I apply for the Split share certificate of FV 1/- ?
please Help me with the solution for the same.
Regards,
Hrishikesh Khaire.
Contact SBI RTA. They will do it for free. Ask them proofs and list of documents required. No need for any agent/etc
1 Like
Will they provide me the Spilt Share certificate of face value ₹1/- as i will be making the request on my father’s behalf ? After almost a decade ? As the spilt was done in 2014 and now it’s 2024.
I am a little bit confused what if they reject it and don’t even consider for the existing share certificate?
Sorry to be a bit confused but i will doing it for the first time i literally have no idea about this ?
Contact them. Ask them the same question.
If you provide the folio numbers, the should provide the right number of shares into your demat after account for all splits and bonuses. I don’t think you have to do anything in this aspect
You can also ask how to claim dividends
Well if they reject it you can always try again. Not like the shares will vanish
SBI RTA contact details
https://sbi.co.in/web/investor-relations/share-holder-bond-holder-information
at the bottom. Kfintech section
1 Like
Thankyou so much for helping me vishal.
Appreciate your help and your prompt response for the same.
I will definitely contact them and will also keep you posted about the results.
Thankyou again
Regards,
Hrishikesh Khaire
- Find with Registrar and Transfer agent, whether a nominee is mentioned !
- If nominee is mentioned then nominee has to submit 1.an affidavit to Registrar and Transfer agent along with 2. Original share certificate, seeking to transfer on to his name. A Physical share will be issued on nominees name.
- That physical share certificate has to be submitted to your DP to transfer into digital mode called dematerializing, means will show in your DEMAT account.
- Incase nominee is not mentioned, then you will have to get a succession certificate from Court (Through Advocate - I did it as an Advocate- so can guide well) and after receiving succession certificate from court, you will have to submit in similar way as said above but adding succession certificate as additional document.
- Rest DP will do.
You can contact me along with clear image copy of Physical share certificate along with your’s and your fathers DOBs, addresses and father’s date of death etc while contacting me through 9491701582 (Whatsup) or [email protected] (email).
Regards
Banka Sudhakara Rao
1 Like
Hello sir …
I recently mailed the registrar with the above mentioned kfin technologies site. Through that i mailed them on their email id requesting them for the Spilt share certificate details for which they asked me all the details that were required by them
After submitting all the details they are not responding to any of mails now …
They are just sending me the first mail which is of furnishing all the details.
I am sick of this registrar they are just not bothered to atleast reply if they don’t have the details regarding or they need any extra details from my end.
It’s just frustrating now.
I am enclosing the screen shot of the email threads.
Please provide me whom to compliant for this ? I have mentioned in the cc of the mail the head of customer service but the mail doesn’t gets deliver to that id
