Wondering how to close Geojit demat account online? Geojit which is considered to be a pioneer in online trading, unfortunately, does not give any facility to close your demat account online. You have to complete the process offline.
Although, you can e-mail Geojit regarding your concern to close your Geojit demat account and they can further complete the process. But if not so, you will have to complete the process offline.
Before we more ahead to the procedure of demat account closure, let us have a look at some points that one should remember.
- There should be no pending balance in your account like AMC, margin, etc.
- In case if you have some pending holdings/shares, you can transfer them to your other bank account via NSDL and CDSL portals or you can sell them off.
- Close all your open f&o positions as well.
How to Close Geojit Demat Account
You can follow the given steps to complete the Geojit demat account closing process.
- Download the account closure form from the website.
- Fill in all the required details like DP ID, client ID, reasons for close, KYC details, etc.
- Sign on all the necessary places. (In case of a joint demat account, make sure that everyone signs on the account closure form)
- Once you have filled in the form, send it to the Geojit headquarters with all the required documents like address proof, income proof, etc.
- You can also visit your nearest Geojit branch and submit the duly-filled account closure form with the documents.
- After successful submission and verification, it usually takes 7-10 business days for your demat account to get closed.
Hope this resolved your query regarding the closing of Geojit demat account. If you need assistance regarding any other stock market problem,you can fill in the form below and we will try to resolve it as soon as possible.
