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How to convert your physical shares into electronic shares (D'mat)?


  1. Approach a Depository Participant (DP) of your choice and open an  D'mat account. You will be able to use the same account for dematerialisation of shares of different companies
  2. DP will enter into an agreement with you and charge you at the agreed rate for dematerialization / rematerialisation of share certificates based normally on the number of certificates and for custody on monthly / annual basis, on value of shares held
  3. Fill up Dematerialisation Request Form (DRF) to be provided by the DP and hand over the share certificate duly cancelled by writing ‘Surrendered for Dematerialisation’ to DP
  4. Take a receipt from the DP for the share certificates lodged
  5. DP will send the documents to the Registrar & Transfer (R&T) Agent of the Company
  6. The R&T Agent will effect dematerialisation of securities subject to the documents being in order and will confirm the same to NSDL / CDSL who in turn will inform your DP
  7. DP will intimate you about the dematerialisation of shares, normally within 15 days
  8. DP will give a statement of holdings and update your account after each transaction
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