How to close Ventura Securities Demat Account? Can I close my demat account online or do I need to visit any offline channel?
- Asked By
- Updated On:17-Mar-2024
- Replies:4
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.
- Download the Ventura Securities demat services Demat Account Closure form
- 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.
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Discussion (3)
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.
You can download the account closure form the given link - Demat Account Closure Form and post it to the address mentioned in the form.
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.
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 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.
To close an Alice Blue account, one can download the Account Closure form, fill it with the necessary details and documents such as Client ID, reason of closing, DIS, etc, and sent it to the head branch of Alice Blue, or visit the nearest branch and submit the same to start the account closure process.
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.
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.
No, a Demat account is not required to invest in mutual funds in India. Instead, there are a number of other options, such as Asset Management Companies (AMCs) or offline distributors through which you can directly invest in mutual funds without opening a demat account.
harina.cj1998
What are the demat charges on Ventura? I read somewhere that you can find the account closure form on NSDL website. Is is true?