Can I transfer my demat account to my wife?
Yes, you can transfer shares from any account to your account by giving off-market delivery instructions slip to holders DP.
There are some minimum charges to transfer the shares..
Can you transfer shares from one person to another?
If you decide to transfer your shares to someone else, you’ll have to perform a stock transfer using a stock transfer form. You can obtain the form by visiting the website of the stock registry agent or contacting the agent by phone.
Can I transfer my demat account to another person?
Demat units can be transferred from one person’s demat account to another person’s demat account within the same depository participant (DP). This is called an off-market instruction, as it is date specific and not settlement specific.
Can we have 2 demat accounts?
Can multiple demat accounts be opened? Yes, you can open more than one account at the same name either with same or different Depository Participants (DP). An investor has to fill the KYC form every time he opens a new account.
Can I invest in my wife name?
Spouse: Many investment instruments such as insurance, Public Provident Fund (PPF), fixed deposits and shares allow investment in the name of spouse. But any return on such investment is considered as income of the proposer and gets taxed accordingly.