Dematerialization
or DEMAT is a process to convert
the securities held in physical form into electronic form or to directly allot
securities in electronic record form.
According
to the Depositories Act, 1996, an investor has the option
to hold shares either in physical or electronic form.
To
dematerialize a particular share one will have to open a DEMAT account with the
DP, thereafter he will have to fill up a DEMAT Request Form and submit the same
to the DP for dematerialization. For each scrip a separate DRF should be used.
Collect
the DEMAT Request form from the DP main branch or Nodal branches.
Or
just click
here to download DEMAT Request Form,
you can take a print out of the DEMAT Request form and submit to the DP along
with a Xerox copy of the same since a duplicate copy of the DEMAT Request Form
is also required.