No charges shall be levied by a depository on any DP (Depository Participant) and by a DP on any BO (Beneficial Owner) when the BO transfers all the securities lying in his account to another branch of the same DP or to another DP under the same depository or another depository, provided the BO Account(s) at transferee DP and at transferor DP are one and the same, i.e. identical in all respects. In case the BO Account at transferor DP is a joint account, the BO Account at transferee DP should also be a joint account in the same sequence of ownership.
Sebi Circular MRD/DoP/Dep/Cir-22 /05 dated November 9, 2005
Sebi Master Circular CIR/MRD/DP/6/2015 dated May 07, 2015
Hey i am a beginner and studying about Trading/stocks/shares. Thanks for sharing this information about Demat account or Demateriaised account. But are this charges exempted even in the online Demat account case.
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