Question for Traderji and other knowledgeble friends:
What is the procedure for transferring the Shares from one demat a/c to another? For example, if I want to switchover to a different online demat service provider (and discard the previous service), how do I transfer the shares from the old a/c to the new one? Common sense (?) tells me that the transfer should be something similar to the cash funds, but I request someone to shed moe light on this, and also I would like to know if there would be any "charges" involved in such kind of transfer.
Forgive me if this is a repeat question at the forums, but I have not noticed such discussion so far. Thanks in advance.
What is the procedure for transferring the Shares from one demat a/c to another? For example, if I want to switchover to a different online demat service provider (and discard the previous service), how do I transfer the shares from the old a/c to the new one? Common sense (?) tells me that the transfer should be something similar to the cash funds, but I request someone to shed moe light on this, and also I would like to know if there would be any "charges" involved in such kind of transfer.
Forgive me if this is a repeat question at the forums, but I have not noticed such discussion so far. Thanks in advance.