How to change the broker and transfer shares to new Demat account?
Recently I closed demat and trading account in sharekhan and opened a new account in zerodha for obvious reasons of low brokerage. During this, I have also transferred my shares from sharekhan to zerodha.
Before we start let's know some terms used while opening account.
Each broker provides you trading account and demat account.
Trading account: In the trading account, we can trade (buy or sell) shares in open share market.