No, you cannot get physical shares in India. As of April 1, 2019, the Securities and Exchange Board of India (SEBI) has mandated that all shares must be held in Dematerialized (Demat) form. This means that shares must be held electronically in a Demat account, and cannot be held in physical form as certificates.
There are a few reasons for this mandate. First, it makes it easier to buy, sell, and transfer shares. When shares are held in Demat form, they can be traded online instantly, without the need to send physical certificates back and forth. This saves time and money.
Second, Demat accounts are more secure than physical certificates. Physical certificates can be lost or stolen, but Demat accounts are protected by passwords and other security measures.
Finally, Demat accounts are more environmentally friendly. There is no need to print and distribute physical certificates, which reduces paper waste.
If you have Physical Shares, you can convert them to a Demat form by contacting your broker or Demat account provider. The process is usually quick and easy.
Here are the steps on how to convert physical shares to Demat form:
- Contact your broker or Demat account provider.
- Provide them with the details of your physical shares, such as the company name, the number of shares, and the certificate numbers.
- They will issue you a Demat account number.
- Send them your physical share certificates.
- Once they receive your physical share certificates, they will convert them to a Demat form and credit your Demat account with the shares.
- Once your physical shares have been converted to Demat form, you can buy, sell, and transfer them online just like any other Demat share.
Physical share