I already have shares in my old demat account. Can I transfer them to Swastika?

I already have shares in my old demat account. Can I transfer them to Swastika?

Yes, it is possible to transfer shares from another demat account to Swastika’s account. You have to sign a DIS, which is generally free of cost. The account holder has to be the same person. 

You can also transfer shares from one Swastika account to another Swastika account, all over India. You will be required to sign DIS, Depository Participant ID and the Client ID.

If you want to transfer share from one account to Swastika’s account, you need to submit a DIS (Delivery Instruction Slip). It will help in moving shares from one DEMAT to another.

The steps are as following-
  1. You need to fill up the DIS slip of the DP (Depository Participant) mentioning details of the securities, transferred demat a/c details, etc.

  2. Submit their DIS slip along with the  copy of CMR(Client Master report) of Swastika. 

  3. The CMR contains information such as name, address, DOB, bank account, nominations etc. 

  4. The process takes between 2-4 days. 

    • Related Articles

    • I already have a Demat Account. Can I only open a Trading account with you?

      Yes, you can easily open a trading account with Swastika by linking your existing demat account. But we would recommend you to open a new DEMAT account at Swastika. This would provide you with a seamless and paperless online investment experience. ...
    • What is POA in Demat Account meant for?

      POA is a legal document which stands for Power of Attorney. It gives authorization wherein beneficial Owner/you appoint Swastika as a lawful attorney and grant them permission to conduct transactions and transfer shares on your behalf. The benefit to ...
    • What are the documents required to open a demat & trading account with Swastika?

      For Indian resident individuals To open a demat & share trading account you need the following documents Your PAN Card Your valid Government approved address proof (any one of the following)- Aadhar Card Driver's Licence Passport Voter's ID Ration ...
    • Can I open Joint Demat account with Swastika?

      Yes, it is possible to open a joint demat account with Swastika with a maximum of three holders. The trading account should be registered in the first holders’ name and communication will be provided to the first holder only. A maximum of three ...
    • I already have a demat account. Do I still need to submit my documents?

      Since you already have a Demat A/c, you do not have to resubmit your documents. You should probably be KRA registered.  KRA is KYC (Know Your Client) Registration Agency. You have to let us know PAN so that we can check. If you are KRA registered we ...