FOR PHYSICAL SHARE HOLDERS
What to Do with Old Physical Share Certificates Now
If you have found old physical share certificates — perhaps belonging to a deceased family member or tucked away in a locker — here is what you should do:
Step 1: Check If the Shares Have Value
First, verify whether the company still exists and whether the shares have market value. Many old shares can be worth lakhs of rupees today due to stock splits, bonuses, and price appreciation over decades. Read our guide on how to check the value of old share certificates.
Step 2: Update Your KYC
Ensure your PAN, Aadhaar, address, and bank details are updated with the company's RTA. Many old folios have outdated addresses and no PAN linkage, which can cause issues.
Step 3: Convert to Demat
Submit a Demat Request Form (DRF) along with your original share certificates to your depository participant (broker). The RTA will verify and convert your physical shares to electronic form in your demat account. Read our complete guide on converting physical shares to demat.
Step 4: Check for IEPF Transfer
If dividends on your shares have remained unclaimed for 7 consecutive years, the shares may have been transferred to the Investor Education and Protection Fund (IEPF). You can still claim them back, but the process requires additional steps.
Lost Your Share Certificate? Do not worry — you can still claim your shares. You can apply for a duplicate certificate or directly apply for dematerialisation with a letter of indemnity. Read our guide on what to do if you lost your share certificate.