how to close a demat account

How to close a Demat Account? (Updated Guide 2021)

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How to close Demat Account?

Almost everyone knows how to open a demat account but few know how to close a demat account. To save on the annual maintenance charges it would be prudent to close your idle demat accounts.

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So how to close a Demat Account? To close a demat account, you must ensure that there are no shares in your demat account and it must not have a negative balance. Then download the demat account closure form from the depository’s website and then submit the form to the depository. Your demat account will be closed within a week.

how to close a demat account

When you look in on share trading from outside, it seems like such a smooth ride, doesn’t it?

However, once you start investing in shares, you realize the amount of paperwork and technicalities you need to take care of before you can actually buy or sell.

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