Any effect on share price After transferring De-mat account and Time required

Transfer share from one account to other 

Account transfer

This article is for those who want to transfer their share to new / other de-mat and who want have any query with relate to transfer and time required in transfer process. If you have a same question that will transferring share effect on share price ? Answer is absolutely no nothing is going to effect your shares real price at that moment. 

IS share transfer process safe?

 The process of transferring of share is very safe and simple until you fill your detail properly.

Because all the transfer process is done according to the details provided by you. All you have to do is go to your source broker as him for a transfer slip DIS (Delivery Instruction Slip) and fill the details and hand it over.

 

What kind of details need to be filled in share transfer process? Don't worry  they are details of existing de-mat account like client ID , DP ID which you already have and DP name . 

Steps to fill DIS slip for share transfer

Here you have to fill DP name option name of the new broken where you want to transfer shares.

Then is the stock details of those shares that you want to transfer  like script ID details. Every share has its own unique script. If you don't know you can ask your broker about that. Then fill the stock name and quantity. Fill this all details very carefully as they are the main part of the process. After you submit your form to present broker .You will receive a message that your shares are debited .

What is the time required for share transfer?

This shares will be transfered to your new account within 24-48 hours duration. May vary from broke to broke company. If you still face any issues we would suggest to you to get in contact will your broker and get your problem been solved.

Remember it's in you hand where you share your details and don't leave any details black in your kyc . Enjoy safe transaction.

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R P Vani

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