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How To Close Zerodha Demat/Trading Account Online/Offline?

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Are you not active on your Zerodha Account for a long time and you want to close it? You can do it online or by sending the closure form to the head office. Only if you don't have a negative account balance can you close your account. You must ensure that your Demat account is free of securities. You have the option of selling your investments or withdrawing your funds. Zerodha allows you to close your account both online and offline. To close your account online, you must submit a request by e-signing the account closure form. Get step-by-step instructions on how to close your Zerodha account.

How To Close Zerodha Demat/Trading Account Online/Offline?
 

How to E-Sign To Close Zerodha Account Online?

Step 1: Download the closure form from this link

Step 2: visit https://www.digio.in

Step 3: Click on "Add document" and upload the closure form.

Step 4: Select 'Aadhaar eSign' Option

Step 5: Click on Continue

Step 6: Authorize the Aadhaar eSign option

Enter your Aadhaar/VID number An OTP will be sent to that Aadhaar's registered email/mobile number.

Step 7: Enter the OTP received to complete the eSign process

Step 8: The eSigned document can then be downloaded or emailed directly from digio.

enter your essential details, such as VID. As you enter the OTP in the dialog box.

How to close the Zerodha account offline?

This method requires you to download the account closure form from their website. Fill out the form to the best of your ability and send it to their corporate headquarters. The letter along with the form must be sent to Zerodha Head Office, which is located at

Zerodha Head Office.

#153/154 4th Cross Dollars Colony,

Opp. Clarence Public School,

J.P Nagar 4th Phase,

Bangalore - 560078.

Within 5-7 business days, the account closure form will be processed.

 

By selecting 'transferred to another account,' you can also transfer your shares to another Demat account. Only your own CDSL Demat account can be used to move locked-in shares, government securities, and mutual funds. Only if you submit a signed hardcopy of the account closure form can you choose the closure-cum-transfer option. You'll need to send the target Demat account's CMR (Client Master Report).

The target account's name(s) must be in the same order as your Zerodha Demat account's name(s). For NSDL accounts, the CMR must be in the form of a hardcopy with a seal and signature. For CDSL accounts, it can be digitally signed CMR by the DP. The client's account will be closed if the client makes a specific request. The closure will take effect after one month has passed from the date of application/intimation or the date of account settlement, whichever comes first.

It's a good idea to close any Demat accounts that are inactive or have no balance. If active balances exist, they can be consolidated into a single account, and the redundant Demat accounts can be closed.

Read more about: demat account zerodha how to
Story first published: Saturday, April 3, 2021, 12:47 [IST]
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