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.
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.
You can close your demat account both online and offline.
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.
In case of issues, you may visit the nearest bank branch to resolve your issues.
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.
Important things to bear in mind before submitting your HDFC Demat account closure form:
You will not be charged any account closing fee for closing your HDFC Demat account, unless you have any pending dues or negative balances.
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.
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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.
Trade Smart demat account cannot be closed online. To close Trade Smart demat account, fill out the Trade Smart demat closure form and then courier it to the office address of Trade Smart.
You can close an IIFL Securities demat account by submitting the demat account closure form to the head office or to the nearest branch. Your account will be closed within 7 to 10 working days after you submit the closure request.
You can download the account closure form the given link - Demat Account Closure Form and post it to the address mentioned in the form.
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.
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.
The Axis Direct Demat Account Closure Process is quite simple. You need to fill up the account closure available online and submit it at the nearest branch or post it to the address mentioned in the form.
In order to close your Demat account with ICICI direct, you are required to download its closure form available online: https://www.icicibank.com/managed-assets/docs/personal/demat/Dematclosure.pdf and submit it in an ICICI bank branch that has a Demat services desk.
The Indiabulls or Dhani demat account can be closed by submitting the closure form. You just download the form from the broker's website, fill it out, and mail it to the broker's office address.
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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!