How to transfer shares from the other broker to Bigul?
Shares can be transferred from other brokers to Bigul in two ways:
1. Closure cum transfer: If the existing account is to be closed after transferring shares to Bigul, follow the closure cum transfer process. To initiate the process, obtain the closure cum transfer forms from the existing broker and submit it to them along with a physically or digitally signed and sealed Bigul Client Master Report (CMR). The closure cum transfer process is used for self-transfers and not to transfer securities to a different person.
2. Off-market transfer: If the securities are to be transferred to Bigul without closing the existing account, follow the off-market transfer process. To initiate the process, obtain the Delivery Instruction Slip (DIS) from the existing broker, fill out the details of the Bigul demat account as required and submit it to them.
Transfer of Securities
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