A demat account is an absolute necessity when you are entering the stock market. But there can be instances where you would want to discontinue the services of a particular broker. So if you are looking for an answer to how to close Anand Rathi demat account, then you have reached the right place.
A lot of the traders often wonder how to close Anand Rathi demat account online? But the process can only be completed offline by filling a demat account closure form.
Anand Rathi Demat Account Closure Form
The process of demat account closing in Anand Rathi is a simple and only offline process.
- Download the account closure form from the website or you can simply click here.
- Once you have successfully downloaded and printed the form, you have to fill in all the details like DP ID, client ID, etc.
- After filling out the form, sign at all the required places.
- You now have to send this duly filled form to the Anand Rathi headquarters or you can also submit it to your nearest branch.
- Once the form reaches your stockbroker, they will verify the details.
- Post the verification, the demat account will get closed in the next 7-10 business days.
But before you move on with the account closing process, you need to make sure of some points.
- Clear all your pending holdings. If you have any shares or securities in your account, you can either sell them off or transfer them to another demat account.
- Close all your open f&o positions.
- The balance should be nil in your demat account. There should be no AMC or margin.
Keeping all this in mind, you can easily close your Anand Rathi demat account.
Hope this resolved your query. If you are looking to get solutions for your other stock market queries, fill in your details below.
