Motilal Oswal is one of the most renowned stockbrokers in the country. This is the reason of its consistent and increasing client base. But just like everyone cannot like the same thing, there are still some who look for how to close Motilal Oswal demat account online.
Another thing that is important to note here is that the process of closing a demat account with Motilal Oswal is not entirely online and requires some offline work too.
But before you close your demat account in Motilal Oswal, you have to make keep certain things in mind.
- Transfer/ sell all the securities in your account. You can use this using the CDSL/NSDL portals online.
- Close all your open f&o positions so that there is no confusion when you close your demat account.
After completing these steps, you can easily close your demat account.
Let us have a look at the steps to close your demat account in Motilal Oswal.
How to Close Motilal Oswal Demat Account
The process of opening a demat account can be completed in some simple steps and that too without the hustle of any offline work. But this is not the case with account closure. Let us quickly have a look at how to close the demat account in Motilal Oswal.
- Download the account closure form from the website or you can simply download it by clicking here.
- Fill in all the necessary details in the form like DP ID, client ID, reason for closing the account, etc.
- After you have successfully filled the form, you have to physically submit it along with your KYC documents.
- You can either mail these documents to the headquarters or to your nearest branch.
- Once you have submitted the documents, they will be verified. It is only after the successful verification of your documents that your demat account closure request will get possessed and completed.
So, it is clear that you can download the form online, check your holdings and positions, and also transfer or sell your shares. But you cannot complete the entire closing process online and you will have to carry out the rest offline.
We hope that your doubts regarding the closing of the Motilal Oswal demat account are resolved now. If you need assistance regarding any other stock market query, you can fill in the details in the form given below.
