Dematerialization - Physical to Demat Shares


Rurashfinancialservices

Uploaded on Mar 20, 2023

The process of converting physical shares into dematerialized form is known as dematerialization. Dematerialization is for people who hold physical shares and want to convert them into electronic form for safekeeping and ease of trading.

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Dematerialization - Physical to Demat Shares

Dematerialization - Physical to Demat Shares What is Dematerialization The process of converting physical shares into dematerialized form is known as dematerialization. Dematerialization is for people who hold physical shares and want to convert them into electronic form for safekeeping and ease of trading. Benefits of Dematerialization Services ●Dematerialized shares are electronic and can be accessed and traded from anywhere. ●There is no risk of physical damage, loss, or theft of dematerialized shares. ●It eliminates the need for the physical transfer of shares, which is time-consuming and involves additional costs. ●It makes it easier for investors to keep track of their investments and transactions. Eligibility - Physical to Demat Conversion You must hold physical shares of companies that are eligible for dematerialization. You must have a Demat account with a depository participant (DP). You must provide the necessary documents, including share certificates, identity proof, address proof, and bank details. The Process 1. You must submit your physical share certificates to Rurash Financial Services. 2. We will verify the share certificates and submit them to the DP for dematerialization. 3. The DP will credit the dematerialized shares to your demat account. 4. At last, we will inform you of the successful dematerialization. Our Charges Rurash Financial Services charges a nominal fee for the dematerialization service. You may also have to pay a fee to the DP for opening a demat account and for the dematerialization process. Why choose Dematerialization with Rurash? ●Hassle-free ●Transparent ●Customers are informed at every stage ●Competitive Pricing Conclusion Customers should consider dematerialization as it eliminates the risk of physical damage, loss, or theft of shares and makes it easier to keep track of investments. Contact Information:- ●Head Office:- 15, 2nd Floor, Nirlon House, 254-B, Opp. Sasmira, Dr. Annie Besant Road, Worli, Mumbai – 400030 ●Regional Office:- Rurash Financials Pvt Ltd 605 - 607, B Wing, Mittal Tower, MG Road, Bengaluru – 560001 ●Phone :- +91 22 41571111