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| *The Commerce Journal>>>India Taxes |
When an NRI becomes resident, he has to open a new demat account. what are the charges for share transfer?? |
When an NRI with shares in his demat account in India becomes a resident, he has to open a new resident demat account and transfer his shares to the new demat account. What are the charges normally associated with this share transfer?? I have a NRI demat account with HDFC. It differs from DP to DP. But in any case it may not be more than Rs.50/- per company. Or they may charge some low % on value of shares. You can contact them over phone. I am giving the phone numbers of HDFC. You can enquire in detail. |
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