Consolidation of Folios
Consolidation of folios means merging multiple folios into one folio. The folios that are to be merged are called the Source folios and the folio into which all the folios are merged is called the Target folio.
For consolidation of folios:-
Investor has to submit a written request to consolidate the source folios into one target folio. The target folio would be one of the folios, amongst all the folio numbers of investor.
Consolidation is processed, if the following conditions are matching against the given folios:-
- Name of investor
- Order of the investor
- Mode of Holding
- Tax status
- Nominee same across folio
- PAN Details to be same
- Mode of Payment
- Bank Account Type
- Guardian's name(Minor Folio only)
Below Criteria's are excluded from consolidation:-
Investor can opt for consolidation after giving a request to make changes as per the criteria's listed above.
Post consolidation, target folio will have the complete details of the source folios.
For transacting in future only master folio has to be quoted.
To complete the consolidation, you may submit written request to our the nearest branch.