Are you looking for how do I close a Demat account? There is no harm if you no longer use your Demat account and don’t want to pay service charges on your Demat account so it is better to search for how do I close a Demat account successfully.
Steps How do I close a Demat Account:
1. For closing your Demat account, firstly you need to go to the branch or Dp office to submit a request form and documents.
2. Before going to depositary branch or office, all you need to do, downlaod the online form the deposiry partciapnt website.
3. Now you have to fill all the details correctly like your client ID,name & address and mention the reason why should you close your account.
4. after filling the form correctly now you have to submit the form in the relevabt branch. Makes sure if you have any balance in your demat account, then trsnafer it into another account.So for this you have fill a delivery instruction slip (DIS).
5. After transfering your amount and submitting your request in branch, now its take 7 to 10 business days to close your demat account successfully.
Read More: How To Close PayPal Account In 4 Steps