How to Convert Physical Shares To The Demat Online

1. How to Convert Physical Shares To The Demat Online Converting physical shares to demat form is a straightforward process and can typically be done online through your demat account. Here's a general guide on how to convert physical shares to demat form online: 1. Open a Demat Account: If you don't already have a demat account, you need to open one with a registered depository participant (DP) like banks or stockbrokers in India. Ensure that the DP you choose is registered with the respective depository, such as NSDL (National Securities Depository Limited) or CDSL (Central Depository Services Limited). 2. Contact Your DP: Get in touch with your DP and inform them that you want to convert your physical shares to demat form. They will guide you through the process and provide the necessary forms.

2. 3. Fill the Dematerialization Request Form (DRF): Obtain the Dematerialization Request Form (DRF) from your DP or download it from their website. Fill in all the required details, including your personal information, details of physical shares, and other relevant information. 4. Attach Share Certificates: Attach the physical share certificates you want to dematerialize along with the DRF. Ensure that the certificates are signed by all the holders in the same way they appear on the share certificates.

3. 5. Submit the Documents: Submit the filled DRF and the physical share certificates to your DP. Some DPs may allow you to submit the documents physically at their offices, while others may provide an online submission option. 6. Verification Process: The DP will verify the documents and share certificates submitted. This may involve cross-checking the details with the company's records. 7. Dematerialization: Once the verification is complete, the DP will initiate the dematerialization process. The physical shares will be canceled, and the equivalent number of shares will be credited to your demat account. 8. Receive Confirmation: You will receive a confirmation of the dematerialization process from your DP. This may include a transaction statement showing the dematerialized shares. 9. Monitor Demat Account: Regularly monitor your demat account to ensure that the dematerialized shares are reflected correctly. Any discrepancies should be reported to your DP promptly. Important Points to Note: Dematerialization may involve charges, so check with your DP regarding the applicable fees. The process may vary slightly among different DPs, so follow the specific instructions provided by your chosen DP. It's advisable to keep copies of all the documents submitted for dematerialization for your records. By following these steps and working closely with your DP, you can efficiently convert physical shares to demat form online.