General information about Gifting securities

How many scripts are allowed to be gifted at a time?
Only one scrip is allowed to be gifted in a single transfer.


Can securities be gifted to individuals other than blood relatives?
The gifting of securities depends on the deed relationship. Anyone can gift or is eligible to receive gifts of securities.


Can securities be transferred between joint accounts?
Securities can be transferred between joint accounts, but only if both holders have joint accounts in different firms. This is known as a transfer of one's own account.


Are there any restrictions on gifting securities to family members?
Gifting of securities to family members, including HUFs and individuals, is allowed under certain conditions and within the specified limits.


What is the stamp duty requirement for gifting securities?
A stamp duty of 1 lakh per 100₹ stamp paper is required for executing the deed related to the transfer of securities as a gift.