How to Avoid Frauds in the Dematerialisation Process

Carefully fill out the Demat Request Form (DRF) and make sure that all details, especially signatures, match the records on your share certificates. Deal directly with the DP for the dematerialisation process. Avoid handing over share certificates to third-party agents or intermediaries who could pose a risk of fraud. Ensure all communication with your DP is done through secure and verified channels. Be cautious of phishing emails or fraudulent calls requesting sensitive information.

Regularly monitor your Demat account statements to ensure that all transactions are accurately reflected. Do not hand over your share certificates to third-party agents or intermediaries for dematerialisation. If you suspect any fraudulent activity, report it immediately to your DP, the respective depository (NSDL/CDSL), and SEBI (Securities and Exchange Board of India).