How do I transfer shares from one demat account in Icici to my friend DP acc. in networth & what are charges?

Go to your nearest ICICI branch and ask them for the form to transfer shares.





you need to have details from your friend about his dmat account no. etc. it will usually take 15-30 days.





I am not sure about ICICI bank charges.|||Simply fill up the transfer slip, and transfer the shares you want to transfer to your friend's a/c as OFF-MARKET transfer and


deposit the slip to your DP a/c|||u must be having a delivery instrction booklet, please fill up the off market part with the details of your friends dpid and client id and dp name and hand it over to ICICI bank. thats all. very very simple.


the charges are the same as u pay when u transfer the shares to your brokers account.


but your friends dp has to be in India,.


Let me add one more information. This transfer is taken as sale of shares to a third party and hence subject to tax regulations . If the purchase price and the market prices of the stock u transfter is different and the market rate on the day of transfer is higher, u have to calculate the difference as your profit.