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 will need to sign a DIS (Delivery Instruction Slip), which is generally free of cost. The account holder must be the same person for the transfer.

You can also transfer shares from one Swastika account to another Swastika account, anywhere in India. For this, you will need to sign the DIS, along with providing the Depository Participant ID and Client ID.

To transfer shares from one account to Swastika’s account, submit a DIS, which facilitates moving shares from one Demat account to another.

The steps are as follows:

  1. Fill out the DIS slip of the DP (Depository Participant), mentioning details of the securities and the destination Demat account.
  2. Submit the DIS slip along with a copy of the CMR (Client Master Report) of Swastika.

The CMR contains essential information such as name, address, date of birth, bank account details, nominations, etc.

The process usually takes 2-4 days to complete.

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