How can I close HDFC Securities Demat Account? Is it possible to close it online or do I have to visit the branch?
- Asked By
- Updated On:17-Mar-2024
- Replies:3
Short Answer
You can either send an email to dematclosures@hdfcbank.com from your registered email ID or download the application form and post the filled in HDFC Account Closure Form.
Detailed Answer
HDFC Securities Demat Account
HDFC is one of the leading banks in India and HDFC securities Demat account is well know for its free account opening, nil paperwork, competitive brokerage and free account maintenance for the first year.
How to close HDFC Securities Demat Account?
You can close your demat account both online and offline.
Online HDFC SecuritiesAccount Closure
You are required to send an e-mail from your registered email address to HDFC mail ID dematclosures@hdfcbank.com. It is important that you disclose your name, client ID, Demat account number, reason for closing your account, how to treat the funds held in your account and where to transfer your funds.
You are expected to receive an acknowledgment email, once they receive your email and a confirmation of closure email, once they have processed your application.
Online closure happens through your registered email id only. HDFC will only process your demat closure request if you send them all the relevant details via registered email id only. Other conditions for online closure are:
- You must be the sole owner of the demat account.
- Your account should not have any holdings or positions.
- There must not be any outstanding charges.
In case of issues, you may visit the nearest bank branch to resolve your issues.
HDFC Securities Offline Account Closure
You can download the HDFC Securities Account Closure Form .
You are expected to download this form and fill in the relevant details such as your account number, depository participant’s ID, client ID, name of all the account holders, registered address, registered phone number, reason for closing your account, how to treat the funds held in your account and where to transfer your funds.
You are required to send this filled up application form to the address mentioned in the form via post. It may take upto 10 business days for HDFC to process your closure request.
HDFC Demat account closure
Important things to bear in mind before submitting your HDFC Demat account closure form:
- To de-link trading account
- Surrender any unused Delivery Instruction slips
- Submit Delivery Instruction slips, in case assets are to be transferred to another account
- If the account is owned by a company, it is vital for you to submit the board of resolution that is signed along with the company’s stamp
Closing your HDFC Securities Demat Account
You will not be charged any account closing fee for closing your HDFC Demat account, unless you have any pending dues or negative balances. Every broker registers in an exchange. HDFC has its account in CDSL.
In case you are registered with NSDL, you can email at “customercare@hdfcsec” and get in touch with the support team.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (3)
HDFC Demat account is easily closed via online and offline means. There are no charges for such account closure but if you have some dues pending or negative balance, then they will levy charges.
Yes
For closing the Sharekhan Demat account, the process is quite simple as with other stock brokers in India. Download the application closure form, fill up the details & submit it in the nearest branch.
To close an Alice Blue account, one can download the Account Closure form, fill it with the necessary details and documents such as Client ID, reason of closing, DIS, etc, and sent it to the head branch of Alice Blue, or visit the nearest branch and submit the same to start the account closure process.
What happened, so you are looking to close your Upstox Demat and Trading Account? The reasons could be many and any. You are here means, you are searching how to close Upstox account. So, let's dig into the demat account closure process.
Closing a Ventura Securities demat account is a little tedious as there is no online facility for the same, but it can be closed by sending a closure form to the nearest Ventura Securities office. The whole process will take 7-8 working days to complete your request.
State Bank of India is the leading government domestic bank in the country and provides various services in almost all parts of the country. However, an individual with SBI account has to visit the branch in order to close the acount. Go through the post to understand the procedure.
To close the Prostocks demat account, you need to submit the Prostocks demat account closure form in offline mode. It cannot be closed in online mode.
You need to download the account closure form available at Demat Account Closure Form and submit it at your nearest YSL branch. For the detailed process, read further.
To close an Axis Direct Account one has to download and Print the Axis Direct Account Closure Form, Fill it with the correct details and go to their nearest Axis Bank branch with the necessary documents such as An Identity Proof & Address Proof and an Axis Bank official will verify all the mentioned details and start the process on completion of successful verification.
The process to close a demat and trading account with Angel Broking stock broker is quite simple. Follow few easy steps, submit the account closure form and you will be done with the requirements.
HDFC Bank cannot be closed in online mode. However, it can be closed by submitting a dully filled account closure form to the nearest branch.
workforvansh9
HDFC is the leading financial institution in the country. Better options than HDFC Securities demat account are available in the Indian markets. Mke sure to check them out too!