• No, physical shares held by a single holder cannot be dematerialized into a joint demat account.
• The name on the share certificates should match the name on the demat account.
• If an existing joint holder demat account is held with Jainam, a new individual demat account must be opened for Dematerialisation.

Example:

• Mr. Ashish and Mr.Ashu are joint shareholders of IDFC physical shares with a joint demat account.
• Names on the shares certificate are Mr. Ashish and Mr.Ashu, where Mr. Ashish is the first shareholder, and Mrs, and Ashu is the second.
• The names in the jointly held demat account are Mrs. Ashu and Mr. Ashish, where Mrs. Ashu is the first holder and Mr. Ashish is the second holder.
• To Dematerilisation IDFC shares, they must submit the transposition form, which is to be signed in the order of the names in the Demat account. The form must be first by Mrs. Ashu and Mr.Ashish next.