How do I convert physical share certificates into Demat form?
You can dematerialize shares of the companies which are active and are trading in the secondary market. You can search the scrip name in NSE or BSE website to check the same.
Note: SEBI has received representations from shareholders for extension of the date of compliance. In view of the same, the deadline has been extended and the aforesaid requirement of transfer of securities only in demat form shall now come into force from April 1, 2019.
Refer to this circular from SEBI. Refer to this press release from SEBI.
To de-materialize your physical share certificates you'll have to submit:-
- Two copies of dematerialization request form (DRF) will have to be submitted. This will be applicable for up-to 4 share certificates. (The 2 copies of DRF will be applicable for up-to 4 share certificates of the same company)
In case you have more than 4 share certificates, if the certificate No. is in a sequence (1505101,1505102,1505103 etc.), you can submit just 2 DRF forms.
If the share certificates are not in sequence then you will have to submit 2 DRF forms plus the DRF annexure.
If you have share certificates of more than one company, you will have to provide separate sets of DRFs (& DRF annexure if needed) for each company.
- DRF (Dematerialization Request form) should be signed in the ‘Signature with DP’ and ‘Signature with RTA/Issuer’ fields and also mention the Client ID (If It is a joint account then both the holders need to sign).
- The original share certificates should be submitted along with the DRFs. (You can keep a photocopy with you)
- A self-attested copy of your PAN.
Send the above to the below address:-
Zerodha HO [#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase, Bangalore - 560078]
Once you submit the above, the RTA (Registrar And Share Transfer Agent) will take up to 25 days to complete the dematerialization process.
- The name on the share certificate should match the name on the Demat account. In case there is a name mismatch, you need to submit a Gazette letter or an affidavit on Govt. Stamp paper stating that name on the share certificate and name in the demat account are of the same individual. If you have shares of more than 1 company then you need to give us the notarized copies of the affidavit/Gazette for all the companies.
- If the share certificates are held by a single holder, it can't be dematerialized into a Joint demat account. If the share certificates are jointly held, the shares have to be dematerialized into a Joint demat account with the same names as on the share certificate.
- You will be charged Rs 150 per share certificate + Rs 100 courier charges for dematerialization. Click here to see the tariff sheet
Raise a ticket below to initiate the process of dematerialising your physical share certificates.