If you wish to dematerialise the physical shares, then you are required to fill up the Dematerialisation request form (DRF) form duly signed and send it to us via courier along with the original Share Certificate. For example, if you have physical shares from three different companies, you need to fill out three separate DRF forms. For dematerialization, the applicable charges are ₹100 per share certificate, plus ₹50 for courier services along with 18% GST.

Kindly fill up the details in DRF forms as given below:

1. Client ID as "________"

2. Name of Holder on shares.

3. Name of the Company - Name of company shares which you are Holding

4. ISIN - If available of Physical Form (it should be valid ISIN)

5. Quantity to be Dematerialised

6. Number of Certificates

7. Details of Securities

8. Signature with DP

9. Signature with RTA

You need to courier the forms and required documents to the address mentioned below:

Harishchandra Sawant (Upstox)
30th floor, Sunshine Tower,
Senapati Bapat Marg,
Dadar (W), Mumbai: 400013

Additional Notes:

• The name on the share certificate should match the name on the Demat account.
• If the share certificates are held by a single holder, they can't be dematerialised into a Joint Demat account.
• But in the case of a single physical holder, the name on the physical shares should match the name in the Demat account.
• As Upstox does not offer joint Demat accounts, we cannot dematerialise jointly held physical shares.

After submission, the dematerialisation process will take approximately 30 days.

Related Articles

• On which address should I send my forms
• What is the procedure to dematerialise mutual funds into demat form