Why was my share transfer request rejected?
Your share transfer request may be rejected if there is an outstanding debit balance in your demat account. This can include:
- Pending Annual Maintenance Charges (AMC)
- Outstanding Depository Participant (DP) charges
- Any other unpaid account-related dues
As per the applicable process, share transfers cannot be processed until all outstanding dues are cleared.
What should I do?
- Clear the outstanding balance in your account.
- Once the payment is updated, submit a fresh share transfer request.
- Your request will then be processed as per the standard turnaround time.
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