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?

I have not been using my Reliance Securities Demat Account for months. I want to close it. Will it be closed online or offline? Also, is there a fee to close the account?
  • Asked By
  • Updated On:
  • Replies:

Short Answer

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.

Detailed Answer

Reliance Securities, the broking and distribution division of Reliance Capital, is one of India's top retail brokerage firms, giving clients access to equities, derivatives, currency, initial public offerings, mutual funds, bonds, and corporate FDs. Customers can achieve their investment goals on a single platform.

Despite these benefits, there are a variety of reasons why people believe it is not appropriate for novice or small traders due to maintenance costs or other reasons.

So, here is the step-by-step procedure to follow if you want to close your Reliance Securities Demat account as well.

How to close Reliance Securities Demat Account?

There are two ways through which one can close the Reliance Securities demat account. Both offline and online modes of closing are available.

However, the offline mode is preferred when there are multiple account holders or you want to transfer your shares to another account. This cannot be done in online mode.

1. Online mode (informal way)

Step1. Send an email to**.

Step2. Mention the subject as' account closure request'.

Step3. Mention all the information, including your name, client ID, BO ID, registered phone number, and Demat account number.

Step4. Mention the reason for closing the account.

Step5. Send this email and wait for the Reliance Securities team to call you back; they will verify your information and close your account within seven days.

2. Offline mode

Step1. Download the Reliance Securities account closure Demat Account Closure Form.

Step2. Fill in all the details like DP ID, client ID, and name (s) of all the holders.

Step3. Now, if you want to transfer your share to another active demat account, then fill in the DP ID and Client ID of that account, otherwise check 'Not applicable'.

Step4. If you want to rematerialize your security, then you can fill out the 'online ARN to offline AR' application attached with the closure form.

Step 5. Verify all the information and then courier it to the address mentioned at the top of the closure form.

Instructions to Account Holder(s)

  • Before sending the closure request, make sure to settle all pending dues.
  • There shouldn't be any holdings available in your demat account if you don't want to rematerialize or transfer your shares or other securities.
  • If you want to transfer your securities to another active demat account, then you will have to submit an AMC-wise separate letter to Reliance Securities.
  • For materialization, you will have to submit a duly-filled Rematerialization Request Form (RRF) along with a closure request.

Every demat account will charge you an AMC. So, if you feel you are not using your demat account like you thought, it is better to close it. The annual charges vary from broker to broker.

Do keep in mind that if you have any shares in your Reliance demat account then either sell those shares or transfer them to another account.

Transferring might require entering some details in a delivery slip. You have to deposit this slip to any nearby branch. Once all the formalities are done, your demat will be closed in around 10 days, maybe before that.

Closing Reliance Securities Demat account

If you are not operating your Reliance Securities demat account, then it's best to close it to avoid additional charges. Make sure to settle all the negative balances and other holdings before sending a closure request.


Tagged With: reliance securitiesaccount closuredemat account closuredematreliance securities demat
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (1)

Thanks for sharing the information. But the process of closing demat account remains same like this or is it different on different platforms?

Related FAQs
How to close Groww demat account? Can someone tell me how to close the Groww demat account?

To close your Groww Demat account, go to your profile, click on "Help & Support," then type "I want to close Groww Demat account," then click on "Contact Us." From there, you can call or submit a ticket to the team, and they will assist you further.

How can I close HDFC Securities Demat Account? Is it possible to close it online or do I have to visit the branch?

You can either send an email to from your registered email ID or download the application form and post the filled in HDFC Account Closure Form.

How to close Prostocks Demat Account?

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.

How to Close 5paisa Demat account?

To close a 5paisa account, you will have to contact customer support and then download the closure form. Fill in all the details along with a signed copy of your PAN card. Send it to the designated address, and you should get a confirmation of the closure of your account.

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.

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 apply IPO in Zerodha? Buy IPO Online

If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.

How to close Motilal Oswal demat account? What are the steps to be taken to close the account?

You can close your Motilal Oswal Demat account by mailing a duly filled account closure form to "". Let's grab details on the full process of closing your demat and trading account with Motilal Oswal.

How to close SBICap Securities demat account? What is the easiest way to close a demat account that I can follow?

Are you looking to close your Demat account with SBICap. You are required to download the demat account closure form available online from the SBI official website.

How to Close Angel Broking Account?

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.