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A demat account is used to store the share certificate in an electronic form, while the trading account is connected with the exchange and your bank account to create a seamless trading experience
If your stock broker’s trading fee or annual maintenance charges (AMC) charges are too high, or you are otherwise unhappy with the services, you might consider transferring your stocks from the existing demat account to another. You can do this in three ways:
1. You can close your existing demat and transfer
2. You can manually transfer your shares
3. You can transfer online through the depository.
To understand the transfer process let’s understand what a Demat account is and how it evolved.
What is a Demat account?
A demat account, also known as a dematerialised account, is similar to
First Published: Feb 06 2023 | 6:54 PM IST
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