Can I transfer brokerage accounts?

Yes, you can transfer brokerage accounts by opening a new account, transferring demat account holdings and closing the old one. It's easy, hassle-free and safe to move to another broker.

Steps to transfer brokerage account

Transferring a brokerage account is a simple 3 step process:

1. Open a new brokerage account online.
2. Transfer your demat holdings to a new broker using DIS or CDSL Easiest.
3. Close existing Trading and Demat account by submitting paper forms.

Note:

• Equity shares and mutual funds could easily transfer to a new brokerage account by submitting a DIS slip to your old broker. You could also transfer them online using the CDSL website if both old and new demat accounts are with the CDSL depository.
• Close all F&O positions and clear dues before submitting the account closure request.
• If you don't get the account closure confirmation, follow up with the broker.