How do I convert my paper certificates into Electronic Mode?
First you have to open a demat account with a Depository Participant (DP) and obtain a Client ID number. Thereafter you have to fill up a Demat Request Form (DRF) provided by the DP and surrender it along with physical share certificates intended to be converted to electronic form to the DP.
Upon receipt of the share certificates and the DRF, the DP will send an electronic request through the Depository to the R & T Agent of the Bank for confirmation of demat. Each request will bear a unique transaction number.
Simultaneously, the DP will surrender the DRF and the share certificates to the R & T Agent of the Bank with a covering letter requesting the R & T Agent of the Bank to confirm the demat. After verifying the documents received from the DP, the R & T Agent of the Company will confirm the demat to the Depository. This confirmation will pass on from Depository to the DP which holds your account. Then the DP credits the account with the dematerialised shares. The DP will then hold the shares in demat form on your behalf and you become the beneficial owner of these Shares.
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Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.