Not using your Zerodha account, and looking for the easiest way of how to close Zerodha demat account to avoid AMC charges.
If yes, then here is the step-by-step guide for you where you can fill the account closure application both online and offline.
How to Close Zerodha Demat Account Online?
If you are using a Zerodha account, then surely you would be having access to the Zerodha Kite app. Right?
So, to close the Zerodha account online, you just have to log in to the app. Also, you can directly log in to the Zerodha Console to fill the account closure application. Once done, just follow the steps given below:
1. Click on your USER ID and go to the Profile option.
2. Click on the Segment option.
3. It will redirect you to the Zerodha Console on the web page.
4. Scroll down to account closure and click on the Close Account option.
5. Choose your reason to close the account and click Continue.
6. Go to E-sign and accept all terms and conditions.
7. To generate an OTP with a linked mobile number, you need to enter the AADHAAR number. Then click Verify OTP.
After completing the above steps, you will receive a confirmation email from Zerodha and your account will be closed within 72 hours.
Zerodha Demat Account Closure Form
Apart from the online process, you can also request for the account closure offline. For this, you can click here to download the form. Also, you can simply visit the nearby Zerodha branch if any.
In the form, select the option of the account (Demat account, trading account, commodity account) you want to close.
Now, select whether you want to deactivate the account or close it permanently by choosing the right option. Further fill in the DP ID, BO ID, and other basic details like Name, and the reason to close the account.
Sign the form wherever required and submit it in the branch or send it to the headquarter via speed post or courier.
Before you place the account closure request, make sure that there is no negative balance in your trading account or any other pending dues.
Further, transfer all the Demat account shares to another existing Demat account or sell them off.
This is a brief knowledge of how to close your Demat account online at Zerodha. If you would like to know more, please fill out the given form and submit your query.
