Can I transfer my shares or mutual funds from an NSDL Demat account to FYERS?
Yes, you certainly can transfer your shares or mutual funds from an NSDL Demat account to a FYERS Demat account. Here's a step-by-step guide to assist you with this process:
Request a Client Master Report (CMR): Start by obtaining a CMR from FYERS. This can be done by dropping an email to [email protected]. Acquire the Delivery Instruction Slip (DIS): Approach your current broker, where your NSDL Demat account is held, and ask for the DIS.
Submission of Documents: Once you have both the CMR and DIS, submit them to your existing broker. They will then handle the transfer of shares or mutual funds as per their timelines.
Note: It's essential to understand that the process to transfer shares might vary across different brokers. Therefore, we recommend that you liaise with your existing broker to get the exact details before initiating the transfer.
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