Want to know how to close Samco demat account? It is a simple and convenient way process and you can complete the process only offline.
There is no way in which you can close your Samco demat account online. Let us have a look at how you can close your Samco demat account.
How to Deactivate Samco Demat Account
There was be various reasons because of which a user might want to discontinue their services with Samco like discontinuation of trading, unsatisfactory services, etc. While the account opening process of Samco is online, when it comes to account closure, the broker only allows it through an offline process.
But before you move ahead to close your demat account in Samco, you should remember some points like,
- Make sure that there are no pending holdings in your account. In case you have them, either sell them off or transfer it to another demat account.
- There should be no pending balance like AMC, margin, etc.
- Close all your open f&o positions as well.
After successfully completing the above-mentioned things, you can simply complete the process by filling out the Samco account closure form. The steps to do the same are given below.
- Send an e-mail to Samco support raising your request to close your Samco demat account. In this mail, you have to state the reason for the account closure, your BO ID, and your client ID.
- After this, you will receive an account closure form from Samco. Download and print the form. The image of the form is given below for reference.
- Once you have done this, fill in all your KYC details and sign in at all the required places.
- Post this, you have to send this duly filled form to the address of the head office mentioned at the top of the form or submit it to your nearest Samco branch.
Once you have successfully submitted the demat account closure form, it usually takes 7-10 business days to close your demat account.
Hope this resolved all your queries related to the Samco demat account closure. If you have any further stock market-related queries, you can fill in your details in the form below.
