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Dematerialization is the process by which physical certificates of securities, such as shares, bonds, or mutual funds, are converted into an electronic format and held in a DEMAT account. This account is maintained by a depository participant (DP), which could be a bank, brokerage firm, or financial institution.
Here’s a step-by-step guide to help you to convert your Physical share certificates to Demat form:
1. Open a Flattrade DEMAT Account
Open a Flattrade Free Demat Account, with no AMC charges for demat account. Opening an online account trading and demat account using this link.
- Completed account opening form
- Identity proof (Aadhaar, PAN card, passport, etc.)
- Address proof (utility bill, rental agreement, etc.)
- Passport-sized photographs
- Canceled cheque for linking your bank account
2. Fill the Dematerialization Request Form (DRF)
Once your DEMAT account is active, you need to obtain and fill out a Dematerialization Request Form (DRF) from your DP. Each share certificate requires a separate DRF.
3. Submit the DRF and Share Certificates
Submit the filled DRF along with the original physical share certificates to your DP. Ensure that:
- The names on the share certificates match the names on the DEMAT account.
- The certificates are not defaced or damaged.
- Courier the form and documents to the below address:
Fortune Capital Services Pvt Ltd
Kochar Technology Park, 6 th Floor,
1 st Cross Road, Ambattur Industrial Estate,
Ambattur, Chennai – 600058.
4. DP Verification
The DP will verify the details on the DRF and the share certificates. If all details are correct, they will forward the request to the respective Registrar and Transfer Agent (RTA) of the issuing company.
5. Processing by the RTA
The RTA will process the dematerialization request. They verify the authenticity of the share certificates and the details provided. The RTA takes up to 20 days to Destatementization and credit the units to the demat account.
6. Confirmation of Dematerialization
Once the RTA verifies and approves your request, the shares will be credited to your DEMAT account. You will receive a confirmation via email or SMS from your DP. The demateralised share will reflect in the “Holdings” tab in the wall platform.