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How to convert physical share to DEMAT

Advantage of demat shares over physical shares is that they are more convenient and safer to hold. Physical shares can be lost, stolen, or damaged, whereas demat shares are held electronically in a secure demat account. Demat shares are also easier to transfer and settle, as the process is done electronically. Most investors today prefer to hold their shares in demat form due to the convenience and added security it offers.

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How to convert physical share to DEMAT

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  1. Simple way to convert physical shares in DEMAT You can get access to lakhs of money if you have physical shares of your parents or grandparents

  2. Why should you convert physical share into demat? Reasons: • To keep a track of all your investments • To get all benefits like • Dividends • Payouts • Sell and trade • SEBI has made it compulsory to dematerialize all physical shares to DEMAT till 31st march 2023 or else they will be transferred to government welfare funds • DEMAT shares are easily accessible for transfers and trading

  3. Parties involved in dematerialisation process 1 Beneficial owner 2 Issuer 3 Depository 4 Depository Participant (DP) Let’s understand every party in depth. Check the next slide!

  4. Parties involved in dematerialisation process 1 Beneficial owner • The person who owns the share • The person whose name is written on the physical share certificate. 2 Issuer • The company who has issued the shares.

  5. Parties involved in dematerialisation process 3 Depository • Government and SEBI had appointed some institutes, who handle all records in electronic format. 4 Depository Participant (DP) • Agents who help us maintain and operate our DEMAT accounts.

  6. Steps to convert physical shares to DEMAT 1 Opening a DEMAT Account 2 Fill the DRF form (Dematerialization Request Form) and certificate to DP Let’s understand the steps in depth. Check the next slide!

  7. Steps to convert physical shares to DEMAT 1 Create a DEMAT account with a bank or broker E.g: ICICI, Kotak, Zerodha, Upstox etc. Steps to create a DEMAT account: • Search for the depository participant (DP) with whom you want to open the demat account • Provide them all the basic details • Add bank details • Document upload and verification process

  8. Steps to convert physical shares to DEMAT 2 Fill out the DRF and give it to DP • Fill the DRF form (Dematerialization Request Form) • Your DP will send documents to depository and request for verification • Share certificate will be sent to issuing company • If everything is fine then both will approve & you will get your shares in demat account.

  9. Is this process simple? No, not at all!! This process looks simple but, it’s very tedious in practical, but don’t worry!! We Clearclaim, will help you to convert all your physical shares to DEMAT by giving you doorstep services. www.clearclaim.in Contact us at 91567 01900

  10. We helped 60 years old man to recover his ₹12 lakhs He bought some shares in 1992, purchased bonds in 1994 & invested in mutual funds in 1998. He didn’t update his mobile number, nominee, or email id in these investments when things were shifting digital. Through his policy agent, he got to know about us, Clearclaim. We helped him to get his hard-earned ₹12 lakhs. Contact us at 91567 01900 to convert your physical shares into demat.

  11. Thank You

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