Need a simple guide on how to close Axis Demat Account? Well, then here are some straightforward steps to close an Axis Direct Demat account.
How To Close Axis Demat Account Online
The steps for Axis demat account closure will depend upon the condition of whether or not, there are any pending dues or holdings.
If you have no dues or holdings whatsoever then you just have to send a mail to dp.operations@axisbank.com with a closure request. Just remember, that email is sent through the registered email address to the associated Demat account.
Now, in case one does have holdings or dues on the Demat account of Axis Direct and still would like to close the account, then they will have to first clear out the dues whatsoever. After that, they will need to visit the nearest Axis Bank branch and fill out the account closure form.
Once the form is filled along with the details of the target Demat account to which the holdings are to be transferred, then one can just hand it over to the officials at the branch itself.
Please note, that on average, Axis Demat account takes 7-10 business days for completion of the closing process.
Points To Remember
- Do not forget to close all open positions before you submit the account closure request.
- If it’s a joint Demat Account, then all the joint holders will need to sign the closure form
- At the time of form submission, do not forget to attach unused DIS.
In this way, you can easily submit a request to get your Axis demat account closed.
We hope this solution to the query about Axis demat account closure has been resolved. In case you have any other queries or worries regarding your broker or the stock market in general, feel free to submit your query below. We shall provide you with a swift solution asap.
