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How to close Sharekhan Account?

Published on Monday, December 9, 2019 by Team | Modified on Monday, July 18, 2022

How to close Sharekhan Account?

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If you have a sharekhan trading and demat account and are not using it for some reasons then it is better to close the account. Demat accounts attract Annual Maintenance Charges (AMC) and other charges, and these charges continue to accrue interest until it is settled. So, whenever you close your account, you will have to pay all the unsettled dues, before your application for closure of the account will be entertained. And that's why it is better to close your demat account if you don't want to use it in future.

The sharekhan account closure process cannot be done online or via email/chat or customer support. You can close the account only by filling up a physical form. However, before you initiate closing sharekhan trading & demat account, you need to-

  • Close all open positions in your trading account.
  • Move all the securities held in Sarekhan demat account to another demat account or sell it.
  • Clear all your dues.

How To Close Sharekhan Account By Visiting The Branch

Sharekhan has branches and franchise offices in many cities across India. To find a Sharekhan branch office in your neighbourhood; visit 'Contact us' section of the Sharekhan website. If there's a branch office in your city then take the following steps-

  1. Visit branch and request for an account closure form.
  2. Fill the form and put your signature at the required places. If it is a joint account then all account holders need to sign in the form.
  3. Attach all the unused DIS slips
  4. Submit the form in the branch office. Alternatively, you can also courier the documents to the address mentioned in the form.

It takes 7 working days to process the account closure application. You will receive a confirmation letter within 15 days. In case you don't get the confirmation letter within 15 days then follow up on your request with the customer support.

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Frequently Asked Questions

  1. 1. How to close sharekhan demat account online?

    Sharekhan Demat account cannot be closed online or by email or by online chat. You need to submit or courier the signed account closure form to initiate the account closure process at Sharekhan.

    Steps to close Sharekhan Demat Account

    1. Download the account closure form or procure it from your relationship manager or from the nearest branch.
    2. Fill the closure form with the required personal information viz. Name, Trading, and Demat details.
    3. Mention the reason for the closure.
    4. Sign it and attach any unused DIS slips with it.
    5. Courier the form to the address mentioned in the closure form.

    Before submitting the account closure form, ensure that:

    • There is no negative balance in your account.
    • Clear all holdings from your account.
    • Close all open F&O positions.


  2. 2. How to close sharekhan demat and trading account online?

    The sharekhan trading and demat account cannot be closed online. You have to fill a physical form and submit it to the branch office to close the account. The account closure form is available on all Sharekhan branch offices. You can also contact customer support to check the availability of the form in your location.


  3. 3. How much time does it take to close sharekhan trading & demat account?

    It takes 7 working days to process the account closure form. The company will send you a confirmation letter of account closure with 15 days. You can contact the customer support to check your application status.


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1. Prashant Pandey   I Like It. |Report Abuse|  Link|January 14, 2021 9:27:43 PMReply
You should add CML requirement in above text. thats the main part.

I have been trying to close sharekhan account for last one month. I visited the branch and submitted the closure form with paytm money CML (stocks will transfer to). After two weeks got a reply that they need signed and stamped physical copy of CML from paytm money.
We all know how good paytm money customer care is. Now I have been waiting to receive signed CML from paytm money. Request raised on 29th Dec.

My experience with Zerodha has been much better. Although I never closed an account with them or needed to transfer to any other account.