New Delhi, May 24 -- Investors may need to transfer shares from one demat account to another several reasons, such as switching brokers, gifting shares or consolidating multiple accounts. The transfer process allows securities to be shifted electronically without selling the shares, ensuring continuity of ownership (if not gift) and avoiding unnecessary transaction costs.

Transferring shares from one demat account to another may involve certain charges. Your bank of broker usually levy a fee of Rs.10- Rs.50 per transfer, or per type of share, while some may charge based on the number of shares transferred, according to a report by ClearTax.

In some cases, transfers between accounts held with the same DP may be free of cost. Additional c...