How to close Indiabulls Demat Account?
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- Updated On:07-Nov-2022
- Replies:1
Short Answer
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.
Detailed Answer
Indiabulls Securities Limited is a leading SEBI-registered company that offers securities and derivatives broking services in India. The company is now known as Dhani Stocks Limited.
Therefore, you are in the right place if you want to close your Dhani Stocks or Indiabulls demat account. Today, we'll show how you can close your Indiabulls or Dhani demat account.
How to close Indiabulls Demat Account?
You can close your Indiabulls demat account by following the given steps -
Step 1. Download the Indiabulls demat account closure form.
Step 2. Print out the form, and correctly fill in all the information, including the Trading ID and DP ID.
Step 3. Fill in the name of the account holder(s) and sign the closure form. The signature and name of each account holder are required if there are multiple account holders present.
Step 4. Attach a copy of your KYC documents with the closure form.
Step 5. Courier the documents and closure form to the broker's office address.
Things to consider before submitting the Demat Account closure request
- There should not be any holding or position in your Dhani demat and trading account.
- Pay off all debts prior to submitting the closure form.
- Be sure to withdraw all funds from your trading account before requesting closure.
Note: If you have money in your trading account that you forgot to withdraw, the money will be transferred to the bank account that is linked to your Dhani account or it will be sent via cheque to your provided address.
Closing Indiabulls Demat Account
Indiabulls or Dhani demat account cannot be closed online. It can only be closed by submitting the Closure form to the brokers' office via courier. The process of closing a Dhani account, however, is free and the account will be closed within 7 working days.
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