How to close Ventura Securities Demat Account?

Last Updated: 22-Dec-2023

Short Answer

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.

Detailed Answer

Ventura is a SEBI registered full-time broker and a member of the NSE, BSE, MCX, NSDL, and CDSL. Ventura offers online trading for mutual funds, commodities, stocks, and currency derivatives. Additionally, they provide portfolio management services and assistance with customized investment planning.

Ventura Securities' procedure for opening an account is similar to that of other full-service or online brokers. Venture AMC charges are 0 for lifetime. But they have zero AMC option with refundable deposit, if any. Therefore, you must close your Ventura Securities account if you are no longer using it.

Here's how to close your demat account with Ventura Securities.

How to close Ventura Securities Demat Account?

A Ventura Securities demat account can only be closed in offline mode. To do this, download the Ventura Securities' demat account details addition/modification/deletion request form (all in one), and then follow these steps to continue.

  • Fill in all the details such as DP ID and account holder name(s).
  • Next, you have to tick “deletions to my/our demat account in your records ".
  • Fill out the form, attach a copy of ID proof (PAN mandatory), and send it by courier to the nearest Ventura Securities office.

What should I check before sending a demat account closure request?

  • There should be no holdings or positions in the demat or trading account.
  • All balance and charges should be cleared.
  • Name and details should be correct.
  • If there are multiple account holders, each holder's name and signature should be there.

So, in short you can either visit the branch or contact your broker to get the demat closure form. Since they don’t allow online closures, the process might be a bit tedious. Check in with the customer care for proper guidance at all times.

While you fill the details in the form, pay extra attention while entering numbers. Because one simple mistake and your form will be rejected automatically.

Close Ventura Securities Demat Account

Opening a Ventura Securities demat account is easy as compared to closing it. It can only be closed by sending the account closure form in offline mode.

Therefore, to avoid more trouble, make sure to check all the details and clear all the dues because failing to do so may result in the denial of your closure request.

Tagged With: ventura securitiesventura account closureventura securities dematdemat account closure
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (3)

What are the demat charges on Ventura? I read somewhere that you can find the account closure form on NSDL website. Is is true?

Related FAQs
How to close 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 to close Yes Securities Demat Account?

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 Edelweiss Demat Account?

To close your Edelweiss demat account, you will have to follow a few steps and then download the account closure form, fill in all the details, and submit it . It takes 7 working days to process the closing request.

How to close Paytm Money Demat Account?

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 Reliance Securities Demat Account?

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 Sharekhan Demat Account?

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.

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 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 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.