Solution To Defunct Demat Shares
In our last issue, NR Desai wrote to us
about his 6000 defunct shares of Electrolux lying in IDBI Bank demat account.
IDBI charges him Rs100+ per month. The shares cannot be rematerialised. The
Bank puts a price of Rs25 per share when the shares are not traded. Desai
claims to have paid over Rs3000 to IDBI over the last nearly three years. He
wanted to know how to get out of this. In...
Yearly Digital AccessSubscribe
Moneylife Magazine Subscriber or MAS member?