{"id":205854,"date":"2026-08-17T10:35:35","date_gmt":"2026-08-17T05:05:35","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=205854"},"modified":"2026-08-17T10:35:37","modified_gmt":"2026-08-17T05:05:37","slug":"dematerialize-physical-shares-india-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/","title":{"rendered":"How to Convert Physical Shares Into Demat Form in India: Step-by-Step Guide"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>To dematerialize physical shares, submit a Demat Request Form (DRF) with your physical certificates to your DP. The Registrar and Transfer Agent (RTA) processes the request within 15-30 days. SEBI RA INH000013776.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">To dematerialize physical shares means to convert paper share certificates into electronic form and credit them to your demat account. The process to dematerialize physical shares involves submitting a Demat Request Form (DRF) along with the physical certificates to your Depository Participant (DP). Your DP sends the request to the company&#8217;s Registrar and Transfer Agent (RTA), who verifies the certificates and instructs CDSL or NSDL to credit the equivalent electronic quantity to your demat account. The process to dematerialize physical shares typically takes 15 to 30 working days.<\/p>\n<\/div>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=demat-geo-v3\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Why_You_Should_Dematerialize_Physical_Shares_Immediately\" title=\"Why You Should Dematerialize Physical Shares Immediately\">Why You Should Dematerialize Physical Shares Immediately<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Step-by-Step_Process_to_Dematerialize_Physical_Shares\" title=\"Step-by-Step Process to Dematerialize Physical Shares\">Step-by-Step Process to Dematerialize Physical Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Documents_Required_to_convert_them\" title=\"Documents Required to convert them\">Documents Required to convert them<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Common_Reasons_Physical_Shares_Are_Rejected_During_Dematerialisation\" title=\"Common Reasons Physical Shares Are Rejected During Dematerialisation\">Common Reasons Physical Shares Are Rejected During Dematerialisation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#What_Happens_to_Dividends_and_Corporate_Actions_on_Physical_Shares\" title=\"What Happens to Dividends and Corporate Actions on Physical Shares?\">What Happens to Dividends and Corporate Actions on Physical Shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Dematerialising_Physical_Shares_Through_Univest\" title=\"Dematerialising Physical Shares Through Univest\">Dematerialising Physical Shares Through Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#How_do_I_dematerialize_physical_shares\" title=\"How do I dematerialize physical shares?\">How do I dematerialize physical shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#How_long_does_it_take_to_dematerialize_physical_shares\" title=\"How long does it take to dematerialize physical shares?\">How long does it take to dematerialize physical shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#What_is_a_Demat_Request_Form_DRF\" title=\"What is a Demat Request Form (DRF)?\">What is a Demat Request Form (DRF)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Can_I_dematerialize_physical_shares_if_the_company_is_delisted\" title=\"Can I dematerialize physical shares if the company is delisted?\">Can I dematerialize physical shares if the company is delisted?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#What_if_my_name_on_the_physical_share_certificate_does_not_match_my_demat_account\" title=\"What if my name on the physical share certificate does not match my demat account?\">What if my name on the physical share certificate does not match my demat account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/dematerialize-physical-shares-india-2026\/#Is_there_any_charge_to_convert_them\" title=\"Is there any charge to convert them?\">Is there any charge to convert them?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_You_Should_Dematerialize_Physical_Shares_Immediately\"><\/span><strong>Why You Should Dematerialize Physical Shares Immediately<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SEBI&#8217;s regulations make it mandatory to hold shares in demat form for trading on exchanges. You cannot sell physical share certificates directly on BSE or NSE; you must first dematerialize physical shares and convert them into electronic holdings in your demat account. Holding physical share certificates also carries risks: certificates can be lost, damaged, forged or stolen.<\/p>\n<p>There is no cost to the investor from the issuer company or RTA to dematerialize physical shares, though your DP may charge a nominal demat request processing fee. Given the risks of physical holding and the zero or minimal cost to convert them, converting all physical certificates to electronic form at the earliest is strongly advisable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Step-by-Step_Process_to_Dematerialize_Physical_Shares\"><\/span><strong>Step-by-Step Process to Dematerialize Physical Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Follow these steps to dematerialize physical shares.<\/p>\n<ol>\n<li><strong>Open a demat account:<\/strong> You must have an active demat account with a SEBI-registered DP before you can dematerialize physical shares. If you do not have one, open one first using the Aadhaar-based eKYC process.<\/li>\n<li><strong>Obtain the Demat Request Form (DRF):<\/strong> Collect the DRF from your DP&#8217;s branch or download it from your broker&#8217;s website. The DRF is the primary form used to dematerialize physical shares.<\/li>\n<li><strong>Deface the physical certificates:<\/strong> Write &#8216;SURRENDERED FOR DEMATERIALISATION&#8217; on each physical share certificate. This prevents them from being used for any other purpose.<\/li>\n<li><strong>Submit DRF and certificates to your DP:<\/strong> Submit the completed DRF along with the defaced physical certificates to your DP&#8217;s nearest branch or send via registered post.<\/li>\n<li><strong>DP generates a Demat Request Number (DRN):<\/strong> Your DP assigns a DRN and forwards the certificates to the company&#8217;s Registrar and Transfer Agent (RTA). Keep the DRN for tracking.<\/li>\n<li><strong>RTA verification:<\/strong> The RTA verifies the authenticity of the certificates. If the certificates are genuine, the RTA informs CDSL or NSDL to credit the equivalent quantity to your demat account.<\/li>\n<li><strong>Credit to demat account:<\/strong> Within 15 to 30 working days of submission, the electronic shares appear in your demat account. Check your demat account statement to confirm the credit.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Documents_Required_to_convert_them\"><\/span><strong>Documents Required to convert them<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The documents required to dematerialize physical shares include: the original physical share certificates (defaced with the required marking), the completed Demat Request Form (DRF), a self-attested photocopy of your PAN, a self-attested copy of your identity proof and your demat account details (DP ID and Client ID).<\/p>\n<p>If the physical share certificate has a name that does not exactly match the name in your demat account (for example, due to a change in name after marriage), you will need to first apply for a name correction through the RTA before you can dematerialize physical shares. Minor mismatches such as spelling differences may also cause rejection.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Stock Screener to Find Quality Stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Common_Reasons_Physical_Shares_Are_Rejected_During_Dematerialisation\"><\/span><strong>Common Reasons Physical Shares Are Rejected During Dematerialisation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Not every attempt to convert them succeeds on the first submission. The RTA may reject the request if the certificates are damaged, mutilated or have signatures that do not match the company&#8217;s records. Rejection also occurs if the ISIN for the security is suspended, the company has been delisted, or the certificates have already been dematerialised.<\/p>\n<p>If your request to convert them is rejected, your DP will return the certificates with a rejection note specifying the reason. Address the rejection reason (for example, apply for a duplicate certificate from the company or rectify the signature mismatch through the RTA) before resubmitting.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Happens_to_Dividends_and_Corporate_Actions_on_Physical_Shares\"><\/span><strong>What Happens to Dividends and Corporate Actions on Physical Shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While your request to convert them is being processed, any dividends or corporate actions from the issuer company will be sent to the registered postal address on the company&#8217;s records (not to your demat account). Once you successfully convert them and they are credited to your demat account, all future corporate actions will be processed electronically.<\/p>\n<p>If you receive a dividend cheque or a rights offer during the dematerialisation process, ensure the cheque is deposited promptly and the rights application is submitted on time, since the company may not know to route these to your demat account until the process to convert them is fully complete.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dematerialising_Physical_Shares_Through_Univest\"><\/span><strong>Dematerialising Physical Shares Through Univest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Univest is a SEBI-registered platform (SEBI RA Reg. No. INH000013776) linked to CDSL. If you want to convert them through a Univest demat account, contact Univest&#8217;s customer support at univest.in for the current process and any applicable DP charges for the dematerialisation request. The DRF form is available from Univest or directly from CDSL&#8217;s website.<\/p>\n<p>Ensure that the name on the physical share certificate matches the name on your Univest demat account. If there is a mismatch, the attempt to convert them will be rejected by the RTA and you will need to rectify the discrepancy before resubmitting.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To convert them is the most important step you can take if you are still holding paper share certificates. The process to convert them is straightforward, takes 15 to 30 working days and involves minimal cost to the investor. Do not delay: physical certificates carry significant risks of loss, damage and forgery that disappear the moment you successfully convert them and convert them into secure electronic holdings in your demat account.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to open your demat account and track your portfolio.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information including SEBI circulars and depository guidelines. These may not reflect the most current operational procedures of your specific depository participant. Please verify all process details with your DP or broker before initiating any account action. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_dematerialize_physical_shares\"><\/span><strong>How do I dematerialize physical shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> To convert them, open a demat account with a SEBI-registered DP, obtain a Demat Request Form (DRF) from your DP, deface the physical certificates with the required marking, submit the DRF and certificates to your DP, and wait 15 to 30 working days for the RTA to verify and credit the shares to your demat account.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_long_does_it_take_to_dematerialize_physical_shares\"><\/span><strong>How long does it take to dematerialize physical shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It typically takes 15 to 30 working days to convert them after your DP submits the Demat Request Form (DRF) to the company&#8217;s RTA. If the certificates have a discrepancy or are rejected by the RTA, the timeline to convert them will be longer as you will need to resolve the issue and resubmit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_a_Demat_Request_Form_DRF\"><\/span><strong>What is a Demat Request Form (DRF)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Demat Request Form (DRF) is the primary form submitted to your DP when you want to convert them. The DRF contains your demat account details, the ISIN and quantity of shares being submitted for dematerialisation, and your signature. The DRF is submitted along with the defaced physical share certificates.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_dematerialize_physical_shares_if_the_company_is_delisted\"><\/span><strong>Can I dematerialize physical shares if the company is delisted?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Generally, you cannot convert them of a company that has been delisted from all exchanges, as there is no active RTA to process the request. For delisted companies, you may need to contact the company directly or the relevant regulatory authority. For active listed companies, even those delisted from one exchange, you can convert them normally.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_if_my_name_on_the_physical_share_certificate_does_not_match_my_demat_account\"><\/span><strong>What if my name on the physical share certificate does not match my demat account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> If the name on your physical share certificate does not match your demat account, the attempt to convert them will be rejected. You need to first apply to the company&#8217;s RTA for a name rectification on the share certificate, then resubmit the corrected certificate with the DRF to convert them.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_any_charge_to_convert_them\"><\/span><strong>Is there any charge to convert them?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issuer company and RTA do not charge for the dematerialisation process. However, your DP may charge a nominal processing fee for each demat request. The overall cost to convert them is very low compared to the security risks of holding physical certificates. Check your DP&#8217;s fee schedule for the exact charge.<\/p>\n<div class=\"faq-schema\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>To dematerialize physical shares, submit a Demat Request Form (DRF) with your defaced physical certificates to your DP. 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