How to move shares to another demat if you're sore with existing broker

Business Standard brings you the lowdown on demat accounts, trading accounts and a host of other terms and instruments you will find useful while moving your holdings

If your stock broker’s trading fee or annual maintenance charges (AMC) charges are too high, or you are otherwise unhappy with the services, you might consider transferring your stocks from the existing demat account to another. You can do this in three ways:

1. You can close your existing demat and transfer

2. You can manually transfer your shares

3. You can transfer online through the depository.

To understand the transfer process let’s understand what a Demat account is and how it evolved.

What is a Demat account?

A demat account, also known as a dematerialised account, is similar to