Yes, partly paid-up shares can be dematerialized, provided they have a separate International Security Identification Number (ISIN). You'll need to use a separate Dematerialization Request Form (DRF) for each ISIN.

Separate ISINs:

Fully paid-up and partly paid-up shares of the same company will typically have different ISINs. This is because partly paid-up shares represent a different class or type of security.

Separate Dematerialization Requests Forms (DRF):

You'll need to submit separate dematerialization requests (using separate DRFs) for holdings in different ISINs, including partly paid-up shares.(Click here for NSDL & Click here for CDSL to download a Dematerialization Request Form) and submit these with the physical shares at the nearest Axis Bank branch.

Dematerialization Process:

We will then forward the request to the depository (NSDL or CDSL).

Verification and Confirmation:

The issuer or its Registrar and Transfer Agent (R&T) agent will verify the request and confirm the dematerialization. The depository will then credit your Demat account with the dematerialized shares.

Partly Paid Shares:

If you have partly paid-up shares, ensure that you have the correct ISIN and submit a separate DRF for them.