I am the client of Zerodha. I have few shares in physical form. How can i dematerialise it. I have a demat account also. What is the procedure and is there any charge for the same?
What is the procedure of converting physical shares into demat account? How much Zerodha charge for this service?
Check for the rate sheet on the demat account opening form, It is Rs 2 per physical certificate plus courier charges of Rs 35 per demat request for every 500 gms.
To dematerialise you can either walk into any of these ILFS offices, or else send an email to firstname.lastname@example.org requesting for a dematerialization form, which after filling and attaching the requestite documents can be sent via courier to the ILFS Bangalore office.
This is the process of dematerializing your certificates.
- 3 copies of dematerialization request form for each certificate(If you have 4 share certificates of the same company 2 copies of DRF will suffice but If you have more than 4 certificates you will have to submit an extra DRF)
- DRF ( Dematerialization Request form) should be signed in the Signature with DP and Signature with RTA/Issuer fields (If It is a joint account then both the holders need to sign)
- The original share certificates should be submitted.
- A self-attested copy of your PAN.
Dematerialization charges - per certificate RS 100 + GST and courier charges will be Rs.100 +GST.
20 years old paper share
Unlisted company physical shares
what is the procedure of converting physical shares into demat account? How much Zerodha charge for this service?