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For some reason, if you want to switch your demat account from your previous broker to the new broker, say from HDFC Securities to ProStocks, you need to fill Close and Transfer Instruction Slip or Delivery Instruction Slip (DIS) at your previous demat service provider and provide your new demat account number. Also, you have to get the Client Master list from your new broker and providing the same to your old broker. They will transfer the equity in off-market transactions at no additional cost.
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Zerodha Trade@20
