There are certain reasons that make it necessary to close a demat account. If you have a demat account with Prabhudas Lilladher and want to close it, then you have reached the right place. Let us talk about how to close PL India demat account.
The steps to close a PL India demat account are as follows.
There is no way of closing a demat account online and even for PL India account closure, you will have to follow an offline process.
- You can visit one of their 16 offline branches that are present in 15 Indian cities currently, get the account closure form, fill it and submit it there.
- To make access to the form easier, the PL India account closure forms have been made available online too but you will have to submit the form to one of their branches after filling it up.
After filling the form online, you need to submit it to your nearest PL India branch by visiting physically. It will take the stockbroker 7-10 days to work on your request and close your demat account.
Things to remember before closing your PL India account
- Make sure there is zero balance in your account.
- There should be no shares left in your PL India account. You should either transfer them to some other demat account or rematerialize them in a paper format.
In a nutshell, the branches of PL India are present in the entire country from North to South to East to West but you will have to visit them physically to close your PL India account.
We hope we helped you know how to close PL India demat account. If you have more such queries, please drop them below in the comments.
