Stock Trading and Other Things

How to sell shares offline in India if I bought it through my online trading account?

I am having an religare online trading account. Since I rarely using the account, I decided to close this account and I am not going to open any trading account but I have some shares of Reliance Power and Reliance Infra in it. Is there any way, I close this account now and in future I can sell these shares offline?

Public Comments

1. I don't know about India, but in the US you can easily transfer your assets to another brokerage. It's just done electronically (for stocks) and requires that you fill out a form and have it medallion guaranteed. Very simple. Alternately, you could have the broker send you the certificate which means that your ownership of the stock can live in your sock drawer. Then you open another account and fund it with the stock certificate.

Again, this is in the US so if you are an India this might be nonsense.

2. The name might sound complex, but trading account is nothing but an account opened with a stock brokers, enabling you to buy and sell shares or any other financial instruments through them.

Now that you know what these accounts mean, we now proceed to tell you how to open these accounts, and the various documents you will need, if any, for the same.