how do i convert physical shares into dmat, how long will it take to convert into dmat?

Question

i have shares of a company in 3 different names , i want to convert them all into my account, how do i proceed with it , the other 2 , are my family members.please suggest me

Answer 1

First of all you have to open a demat account with any of the depository participants in the name(s) of the family member(s) who are holding shares. After that, to get the shares dematerialized, you have to fill the dematerialization request form (DRF), which is available with the depository participant. The share certificates should be attached alongwith the DRF's with the rubber stamp 'Surrendered For Dematerialization' on the face of the share certificates. The rubber stamp is also available with the depository participant. The shares will get converted into electronic form in around 30 days time.

Answer 2

Please approach wherever you have opened your demat account. They must be having a specialised demat desk to help you. As it is you need to submit your physical shares to your demat broker.