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What is the procedure to be followed for transfer of shares and bonds?

SEBI has made it compulsory to trade in ICICI Bank shares only in the Electronic Form with effect from January 04, 1999. Therefore the transfer of shares will take place in electronic form through National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited. Shares can however, be held in physical form. (less than 500 shares)

In case of bonds in the nature of Promissory Notes the investor is required to fill the Notification And Mandate (NAM) Form and no stamp duty is required. In case of bonds in the nature of debentures you are required to execute a transfer deed which can be obtained from the offices of stockbrokers/ stock exchanges. Stamp duty is applicable @ 0.5% on the market value and is to be affixed on the reverse of the transfer deed. The maximum stamp duty payable is Rs.10,000/- in respect of debentures.