How to dematerialize physical shares?

Converting physical shares to demat form is a streamlined process developed by the Securities and Exchange Board of India (SEBI).
5paisa can help you guide you through the steps required to dematerialize your physical shares, from opening a demat account to raising a dematerialization request. With 5paisa, this process becomes even more convenient and hassle-free.

Step 1: Open a Demat Account
1. Visit Our Website: Go to the 5paisa website to quickly and effortlessly open a demat and trading account.
2. Initiate the Process: Click on the "Open a Demat and Trading Account" link on the website.
3. Fill in the Application Form: Complete the online application form with the required details.
4. Upload Necessary Documents: Provide scanned copies of documents for Know Your Customer (KYC) verification, such as your Aadhaar card, PAN card, and proof of address.
5. Sign the Agreement: Read this agreement, which details the duties and responsibilities of both parties thoroughly before signing.
6. Application Processing: Once all documents are submitted, 5paisa will process your application.
7. Receive Account Details: Upon approval, you will receive a unique user ID, password, and a demat account number to access your trading and demat accounts.

Step 2: Raise a Request for Dematerialization of Shares
1. Obtain a Dematerialization Request Form (DRF): Contact 5paisa to get the DRF.
2. Fill and Submit the DRF: Complete the DRF with all required details, sign it, and submit it along with your physical share certificates. Ensure each certificate is marked "Surrendered for Dematerialization".
3. Processing the Request: 5paisa will process your dematerialization request upon receiving the DRF and physical share certificates.
4. Forwarding to Registrar and Transfer Agent (RTA): 5paisa will send your request to the concerned company’s RTA.
5. Credit to Demat Account: Once the dematerialization request is approved, your physical shares will be destroyed, and your demat account will be credited with the electronic shares.
Documents Required for Dematerialization
To convert your physical share certificates to demat form, you will need the following documents:
- Proof of identity with a photo (Aadhaar card, PAN card, voter ID card, driving licence).
- Proof of residence (lease agreement, driver’s licence, passport, utility bills, etc.).
- Proof of bank account (bank passbook or account statement, not older than three months).
- Original physical share certificates in good condition.
- Duly filled Dematerialization Request Form (separate forms for shares of different companies).
- Each physical share certificate must be marked "Surrendered for Dematerialization".
By choosing 5paisa, you will benefit from a streamlined, transparent, and supportive process for converting physical shares to demat form, allowing you to manage your investments with ease and confidence.