Resolving Address Change Issue
Resolving Address Change Issue
To resolve an address change issue in your demat account, you need to inform your Depository Participant (DP) with the necessary documents, including a proof of your new address and a completed address change form, and they will update your records.
Here’s a more detailed breakdown of the process:
1. Identify Your Depository Participant (DP):
- Your DP is the entity (e.g., a broker, bank) with whom you opened your demat account.
- They are responsible for updating your details with the depository (NSDL or CDSL).
2. Gather Required Documents:
- Address Change Form: Obtain the relevant form from your DP’s website or branch.
- Proof of New Address: Provide a valid document as proof of your new address, such as:
- Passport
- Voter ID Card
- Driving License
- Aadhaar Card
- Bank Passbook/Statement
- Utility Bills (electricity, telephone, etc.)
- Ration Card
- PAN Card Copy: A copy of your PAN card is usually required.
3. Submit the Documents:
- Submit the completed address change form and the required documents to your DP.
- You can do this via mail, online, or by visiting your DP’s branch.
4. Verification and Update:
- Your DP will verify the documents and update your address in their records.
- They will then update the address with the respective depository (NSDL or CDSL).
