How to close a Sharekhan Demat Account? For this, one will have to pay a visit to the nearest branch or franchisee of Sharekhan or download the closure form from the ShareKhan website. And to locate the nearest branch of Sharekhan, one can either contact the customer service or go to the Sharekhan website for more info on this.
Following are the simple steps to follow to close Sharkhan Demat Account:
STEP 1: Visit the branch office of Sharekhan, ask for an account closure form or one can also download the account closure form from the Sharekhan website or from google search results.
STEP 2: Fill out the complete form with some simple details like the account holder’s name, account number, etc. Also, check the details already mentioned in the form like DP ID. You should know what is DP ID in Sharekhan, so as to fill out the right form.
STEP 3: If you wish to transfer holdings to a different Demat account, then you will need to fill up the Target Demat account details as well.
STEP 4: Finally, just put the signature on the form and submit it at the office itself. Or, if you have filled the form at home, in that case, you can simply post this form to the address mentioned at the top of the account closure form.
Points To Remember
- Before submitting the closure request form, make sure that all open positions in trading have been closed.
- For a speedy closure process, ensure that no dues, such as AMC, are pending.
- At the time of form submission, do not forget to attach unused DIS.
Generally, the closure of the Sharekhan Demat account takes 7 to 15 business days to get processed completely.
Hope this resolved your query on how to close a Sharekhan demat account. If you are facing problems regarding the stock market other than this, you can fill in your details below and we will try to resolve it as soon as possible.
