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How to switch from a HUF IL&FS demat account to Zerodha demat account?

To switch from a HUF IL&FS demat account to Zerodha demat account, send the  following forms:

  1. IL&FS closure letter (PDF). To know how to fill out the IL&FS closure form see How do I fill up the IL&FS closure form?
  2. Non-individual demat form ( PDF ).
  3. HUF declaration ( PDF ), Annexure page ( PDF ), and KYC and promoter page ( PDF ).
  4. PAN copies of HUF, Karta, and co-parcener.
  5. Address proof of HUF and Karta. Latest bank statement as per HUF PAN can be submitted as address proof of HUF.

  • Affix the HUF seal and signature on all the above documents.
  • Karta's PAN and address proof, and CO-parcener PAN must be self-attested.
  • The major co-parcener signatures are required on the Power of Attorney (POA) and annexure page.

Courier all the forms form to the following address:

153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078

Once the forms are received, the demat account is opened within 3–4 days and the IL&FS demat account is closed within 15 working days.

Did you know?

  • This transfer would be considered as a closure cum transfer, i.e., closure of the account with IL&FS and transferring out the shares, for which there are no charges.
  • If the IL&FS demat account is linked to the Zerodha trading account, holdings cannot be seen or sold on Console and Kite respectively. Stocks have to first be transferred to Zerodha demat account.