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How to transfer shares to a non-RMoney Demat Account?

Post Date : March 3, 2022

Transferring shares from your RMoney Demat account to a non-RMoney Demat Account can be done through off-market transfers. Hence, if you wish to transfer shares from your RMoney Demat and Trading Account to a third-party Demat Account, the off-market transfer is the way.

Following are the steps you need to follow to transfer your shares from RMoney’s Demat and Trading Account to a third-party Demat and Trading Account :-

1. Download the Delivery Instruction Slip (DIS) requisition form, take the print and fill out the form. Once you have filled out the form send the hard copy to our office address.
2. As soon as we receive your form, a DIS booklet after mandatory checks will be sent to your registered residential address.
3. Once you receive the DIS booklet, you need to fill out the DIS slip and send it back to us.
4. Once the DIS slip is received by us here at RMoney your share transfer request will be initiated
5. You will receive an email and an SMS for approval from NSDL once the request is initiated. At this step, you need to authorize your off-market share transfer request.

Note: Do not forget to mention the share transfer reason while you fill out the DIS form.