What is the checklist to accept DRF from?


The branch official should verify the following prior to acceptance of DRF:


  1. DRF is filled completely in all respects and signed by all the holders of the account.


  1. The signature should match as per DP records available in DP class.


  1. Correction or overwriting on DRF, if any, must be authenticated by all the holders. White ink should not be used on correction or any other part of DRF.


  1. The DRF must be stamped with Motilal Oswal Securities Ltd. round seal only.


  1. In case of Mutual Fund (MF), latest Statement of Account (SOA) duly signed by client on all pages, should be attached.


  1. The branch has to deface certificates by affixing the rubber stamp in the prescribed format (“Surrender for Dematerialization”)


  1. Transposition Form should be attached in case of change in sequence of Joint holders, in Certificates and DP Account. The sequence in DRF should be as per DP account.


  1. Transmission Form along with original or notarized copy of death certificate of the deceased holder, if any, to be attached.



Top


Happy with the solution or Did not find what you were looking for?

Write to us faqfeedback@motilaloswal.com

Motilal Oswal Securities Limited © 2014