I have a Trading and Demat account with Zerodha. My Mother has a Demat Account with SHCIL.
She wants to transfer all the shares to me. So if my Mother submits a DIS Slip with SHCIL and shares are transferred to my Demat.
Will I be able to sell them through zerodha?
Do I need to submit any Docs with Zerodha or they will update my Holding details automatically?
Yes, you can sell it through Zerodha. The shares will be transferred to your Zerodha Demat account and it will reflect in your Kite holdings, from where you can sell it.
No docs required to be submitted to Zerodha from your end. But the transferred shares will be discrepant in your holdings without a purchase price and purchase date. Follow the steps here to update the purchase price and date so your P&L reflects correctly.
Hi @Srinivas I have transferred the shares to my Zerodha Demat account and they are now reflecting in my CDSL account but not in Holding In Q and Kite.
In Q Add Discrepant Holdings option no Scrip name of transfered shares are appearing.
So should I wait as the transfer took place today itself?
Or Should I add the scrip myself along with share qty and price?
I transferred 5 Scrips from another Demat and added the purchase price, date and other data yesterday in Discrepant Holdings of all 5 scrips but today details of only 2 scrips were updated in Holdings.
Can someone from Zerodha help me with it? @nithin
It takes about 2-3 days for transfer to your Demat. You will receive a message from NSDL when such transfer is complete. The holdings will be visible in Zerodha the next day of receiving shares in Demat.
I am not sure about the above timeline as I transferred my shares from angel broking through online DIS service provided by them and the shares were transferred the next day in my case.
I have question on similar pattern.
I purchased few Infosys shares through Zerodha more than a year back and then transferred it to HDFC Demat account for Loan against share and pledged it .After completing payment of my loan to HDFC, I re-transferred my all Infosys shares as it to Zerodha. Will my holding period of more than 1 year will continue to hold?
Thanks in Advance !