Guidance for 'Transfer cum Account closure' at Upstox

Transfer cum account closure:
If you have any holdings in your account and wish to transfer them while closing the account, you can either sell your holdings or transfer them to your other mirror account.

The following documents are required for the closure cum transfer process:

• Account closure form
• PAN Card Copy with self-attestation
• CML/CMR copy of the Target DP, duly signed and stamped or digitally signed, where holdings need to be transferred

If you wish to transfer shares from an existing single/joint holder demat account held with Upstox to another broker, ensure that the account with the other broker is in the same scenario (Mirror Account).

Example scenarios:

• Mr A can transfer shares held in the DEMAT account with Upstox to his DEMAT account held with another depository.
• PAN should match between Upstox records & target CMR report.
• In case of a minor name mismatch, a self-attested copy of ID proof (PAN Card, Aadhaar card) will be required.
• If the securities are under a lock-in period, they cannot be transferred from CDSL to NSDL or vice versa using the closure and transfer process. However, they can be transferred within the same depositories (CDSL to CDSL or NSDL to NSDL).