Comment on Account Opening Documentation & Charges

Venu commented on 13 Jun 2016, 07:44 PM

For transferring units from HDFC & Axis to your Zerodha Demat account, you’ll have to fill & submit the Delivery Instruction Slip (DIS) to HDFC & Axis in which you’ll mention the Demat account number of Zerodha. Also provide them a copy of the Client Master Report (CMR) of your Demat account at Zerodha. You can write to [email protected] from your registered email ID to obtain the copy of your CMR. The transfer type will be “off market” and hence will have no additional tax implications as such.

Transfer of funds/ELSS which are under lock-in can only happen if you initiate a “closure-cum-transfer” whereby you’ll be closing your account and transferring units to your new account. By initiating a closure cum transfer, you also save on the transaction cost that the DP would otherwise levy.

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