Have you ever transferred shares from one demat/broker to another?
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Hey traders/investors,
Have you ever transfer your shares from one demat/broker to another?
if yes, then kindly answers below queries.
1-what is the process?
2-what are the charges ?
3- is it suggested to transfer or not?
TIA
context - i am wondering to transfer my shares from 1 5paisa account to another 5 paisa account and get 1 account closed.(having 2 5paisa account)
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Refer this article - perfect one and from very basic @kartikxxx
How to transfer shares from the other broker to Zerodha?
How to transfer shares from the Zerodha account using CDSL Easiest?
I have done share transfer from my sister grow account to my brother’s zerodha account but condition should be both have CDSL and cdsl has separate website cdsl easiest login and register and initiate the share transfer. It will charge some minimal amount from giver account. So make some funds in that account otherwise request will not proceed.
let me know if you need youtube tutorials for same
Both the account in your name?
If Yes, then get the CMR and ask for the one-shot transfer of all shares/assets in Demat. Some nominal Flat Fees will be applicable.
If No,
Better sell everything from the source account and buy same in the another account. Transfer fees will be approx 100 Rs. + Tax per script.
selling attracts tax no!!
selling than buying is better than transfering???
I also want to transfer my demat account from upstox to zerodha
Op is asking about transfer of shares between one demat to another
But here if u want same demat but different broker. Then simply change the broker and it will link to ur demat
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if you know any trader/investor kindly tag.
TIA