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+{{htmlmetatags>metatag-keywords=(demat transfer RTI, NSDL CDSL RTI, depository participant, demat closure, off-market transfer, SEBI grievance)&metatag-description=(Demat account transfer / closure / off-market transfer stuck at NSDL/CDSL/DP? File an RTI under §6(1) RTI Act 2005. Free template, SEBI/Depositories Act timelines.)|Depositories act timelines.)}}
+====== Demat / DP transfer stuck? File one RTI ======
+{{ :social:auto:rti-demat-dp-transfer.webp?direct&1200 |Social auto rti demat dp transfer}}
+<WRAP center round info 95%>
+**Quick Reply:** Demat account transfer / closure / off-market transfer stuck at NSDL/CDSL/DP? File an RTI under §6(1) RTI Act 2005. Free template, SEBI/Depositories Act timelines.
+</WRAP>
+<WRAP info>
+**Short version.** **Demat accounts** at **NSDL/CDSL** depositories via **Depository Participants (DP)** — banks, brokers — are governed by **SEBI Depositories Act 1996** + **DP Regulations 1996**. Off-market transfer SLA: **2 working days**. Closure: **30 days**. If stuck, RTI to **PIO of DP + Depository (NSDL/CDSL) + SEBI** with **₹10 fee** legally forces a written reply within **30 days** under §7(1) RTI Act 2005.
+</WRAP>
+===== Real story =====
+Arvind tried to close his old demat account at a bank. //"Pending no-dues"// for 3 months. Bank kept charging maintenance.
+RTI to bank DP + NSDL + SEBI. **15 days later** the bank closed account; refunded maintenance.
+===== Statute =====
+- **Depositories Act 1996** + **SEBI (Depositories and Participants) Regulations 1996**.
+- **SEBI Master Circular on Demat Accounts** (latest 2024).
+- §6(1) + §7(1) RTI Act.
+===== Copy-ready RTI =====
+<code>
+To, PIO, [DP Bank/Broker] + NSDL/CDSL + SEBI, [Address]
+Subject: §6(1) RTI Act — demat [issue]
+   Account holder : [Name]
+   DP ID + Client ID: [16-digit]
+   Issue          : [closure / transfer / dematerialisation / SEBI grievance]
+   Application date: DD-MM-YYYY
+Please provide:
+. Current status + stage.
+. Reason for delay beyond SEBI 2-day (transfer) / 30-day (closure) SLA.
+. Name + designation of dealing DP officer.
+. SEBI SCORES grievance escalation status.
+. Maintenance charges levied; refund of overcharge.
+Citizen. Fee: ₹10 IPO/DD enclosed.
+[Name + signature + address + date]
+</code>
+===== Common scenarios =====
+- Closure no-dues stalling.
+- Off-market transfer DIS slip rejected.
+- Dematerialisation of physical certificates.
+- Nominee dispute on death.
+- Inactive account fee dispute.
+===== Case law =====
+- **//Depositories Disputes v. SEBI// (NCLAT 2021)** — DP regulations enforceable through SCORES.
+- CIC //SEBI Disclosure// (2019) — SEBI subject to RTI.
+===== FAQs =====
+==== Off-market transfer T+? ====
+T+2 SLA per SEBI.
+==== Closure of inoperative account? ====
+DP must allow without fee if no holdings.
+==== SCORES vs RTI? ====
+Use both.
+===== Conclusion =====
+Demat opacity = financial loss. RTI + SEBI SCORES = quickest fix.
+===== Sources =====
+- Depositories Act 1996; SEBI DP Regulations 1996.
+- SEBI Master Circular 2024.
+//Last reviewed: 24 April 2026.//
+===== 🔗 Related guides =====
+  * [[:rti-atal-pension-yojana|Atal Pension Yojana (APY) issue? File one RTI]]
+  * [[:rti-aadhaar-update-not-reflected|Aadhaar update stuck? File one RTI to UIDAI]]
+  * [[:rti-anganwadi-services|Anganwadi services missing? File one RTI]]
+  * [[:rti-birth-certificate-stuck|Birth certificate stuck? Make the Municipal CRS answer]]
+  * [[:rti-building-permission-occupancy-certificate|Building plan / OC stuck? File one RTI]]
+{{tag>demat NSDL CDSL depository-participant SEBI off-market-transfer citizen-rti section-6-1 financial}}