Switch Broker

POSTED BY Jig ON February 14, 2011 2:08 pm COMMENTS (3)

Hello all,

I have NRE a/c with Axis Bank and Demat A/c with DBFS which is partner broker with DOHA bank, Qatar. I have existing PIS a/c with Axis bank. Recently Axis bank launched the Axisdirect Facility and i want to switch my demat a/c from DBFS to Axisdirect. ( convinience purpose). i have some existing stocks in my current demat a/c.

How i can transfer the existing shares if i open new demat with axisdirect?

Anybody aware with charges of axisdirect comparison with icicidirect?

Can anybody eloborate the process step by step?

Thanks to all in advance.




3 replies on this article “Switch Broker”

  1. ashish9750 says:

    in you case , first u should open demat a/c. and axis bank. and then after t/f the shares through DI slips with closing cum trasnfer letter.its a easy , do’t worry…….ashish gupta

  2. bharat shah says:

    i think, transfer from one demate a/c to another demate a/c is through transfer slip mentioning the existing holding to be submitted to the old demate a/c .for nri , if it is different,i don’t know. as a resident, i have done transfer two times and found no problem.

  3. jignesh says:

    No one has pass through such situation?

    Any idea or comment Manish???

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