How can the HUF demat account be switched from IL&FS to Zerodha?

To switch the HUF demat account from IL&FS to Zerodha, submit the following documents:

• IL&FS closure letter (PDF). To learn how to fill out the IL&FS closure form, see How to fill up the IL&FS closure form?
• Non-individual demat form (PDF).
• Declaration and Annexures (PDF).
• Self-attested copy of Karta’s and coparcener’s PAN.
• Address proof of HUF and Karta. The latest bank statement as per HUF PAN can be submitted as address proof of HUF.

Once all the documents are ready, e-mail the soft copy of all the forms to [email protected]. The forms will be reviewed in case any corrections are required. After the forms are reviewed, courier the documents to the following address:

Zerodha Customer Support Centre,
680, Fortuna 1, 15th Cross Road,
8th Main Road, 2nd Phase, J. P. Nagar,
Bengaluru, Karnataka, 560078

Once the forms are received, the demat account is opened within 72 working hours, and the IL&FS demat account is closed within 15 working days.

If the KYC of the HUF is not registered, the following documents are required:
KYC (PDF), PAN, and address proof of the Karta and HUF.

Did you know?

• The major co-parcener signatures are required on the Demat Debit and Pledge Instruction (DDPI) and annexure page.
• IL&FS closure forms, Zerodha demat application, annexures, KYC page & supporting documents must be signed by Karta and have the HUF seal.
• This transfer would be considered a closure cum transfer, i.e., closure of the account with IL&FS and transfer 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 must first be transferred to Zerodha's demat account.
• Clients are required to verify the KYC details once the Zerodha demat account is opened. To learn how to update the KYC details, see How to reactivate the Zerodha account?