How to close Prostocks Demat Account?

  • Asked By
  • Updated On:
  • Replies:

Short Answer

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.

Detailed Answer

ProStocks is a leading online brokerage firm that offers its customers the opportunity to invest in and trade in stocks listed on the Indian Stock Market. Customers can trade on the BSE and NSE in the equity cash (intraday and delivery), equity derivatives (futures and options), and currency derivatives (futures and options) segments through the Prostocks platform.

The process of opening an open account is simple; you can do it online or by going to your neighborhood branch. However, closing a demat account with Prostocks is more difficult because there isn't any proper information available for that.

Today, we'll walk you through the procedure to close a Prostock demat account.

How to close Prostocks Demat Account?

The Prostocks demat account can only be closed via offline mode. You can close your demat account by following the below steps .

Step 1. You must first obtain the Prostocks demat account closure form, which you can obtain by visiting the Prostocks nearest branch or by sending an email to the customer care service .

Step 2. After receiving the form, carefully fill in all the information, including the name of the account holder(s), Client ID, and DP ID.You can access these details in your profile section after you log in to your account.

Step 3. If you have securities in your demat account, you can also choose to rematerialize them or transfer them to another active demat account, though you will also need to provide the information for that account also.

Step 4. The form must be dully signed by all account holders after all the details have been entered.

Step 5. Submit the completed form to the nearest Prostocks branch or courier it to the company's headquarters, whose address is listed on the website.

Submitting the Prostocks Demat Account Closure Form - Things to Check

  1. Your demat account shouldn't have any negative balances. You must pay off all outstanding dues before submitting the form.
  1. Your demant and trading accounts should have any holdings or positions.
  1. Along with the closure form, you must submit copies of your ID and PAN card.

Close Prostocks demat account

The Prostocks demat account cannot be closed via online mode. You need to submit the closure form in offline mode.

Furthermore, there are no fees associated with closing an account, and the Rs. 1000 you deposited during the account opening process will be refunded to your bank account when the account will be closed.

Tagged With: prostocksprostocks demat closuredematdemat closure formdemat colusredemat account closure
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
ProStocks Quick Links
Related FAQs
I want to close my Yes Securities Demat account as soon as possible. How to close it? Is there a way to do it online?

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.

How to close my Paytm Money Demat Account online? I want to discontinue it immediately. Where can I get the Account closure form?

You can download the account closure form the given link - Demat Account Closure Form and post it to the address mentioned in the form.

How to close Trade Smart Online Demat Account?

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.

How to close IIFL Securities Demat Account?

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.

How to Close Upstox Account? Online 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.

Can I close Reliance Securities Demat Account online?Can the account be closed online via email or do I need to contact the customer care support team?

Reliance Securities demat accounts can be closed in both offline and online modes, but the offline mode is more formal and authentic. You can download the closure form from their website and send it to the address mentioned on the closure form.

How to close Axis Direct Demat Account?

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.

How to close Ventura Securities Demat Account? Can I close my demat account online or do I need to visit any offline channel?

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.

How to close ICICI Direct Demat Account?

In order to close your Demat account with ICICI direct, you are required to download its closure form available online: and submit it in an ICICI bank branch that has a Demat services desk.

How to close Indiabulls Demat Account?

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.