What is Dematerialisation?
Dematerialization is the process by which physical certificates of securities are converted into securities in electronic form by way of credit in investor's demat account held with a DP. Dematerialization is change in form of holding, it does not result into change of ownership.
In order to dematerialise the certificates, you will first have to open a demat account with a Depository Participant. You have to then request for the dematerialisation of your certificates by filling up a dematerialisation request form [DRF form]. , which is available with your DP in this case its Axis Securities Ltd.
Please submit the following documents at the nearest Axis Bank branch offering demat services or you may send the form at our mailing address mentioned below:
1. Dematerialization Request Form duly filled and signed by all the demat account holders, in case of multiple holders
a. For NSDL: (Click Here to download the form)
b. For CDSL: (Click Here to download the form)
2. Original physical share certificates
3. Self attested PAN card and Aadhaar card copy (The Aadhaar number should be masked and should be with the QR Code)
Please note: The name/s on the physical share certificate should match with the name/s on the demat account. Once we receive the documents the same will be processed and forwarded to the concerned Registrar and Transfer Agent (RTA) of the company for further processing.
In general, this entire process may take up to 20-30 days to complete since we have to depend on the external agencies/RTA to complete the process.