How to close Sharekhan Account?

Published on Monday, December 9, 2019 by Chittorgarh.com Team

Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

NamePhone
EmailCity
State
Are you a day trader?
How to close Sharekhan Account?

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.

Frequently Asked Questions

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

    You cannot close sharekhan demat account online or through customer support. You have to close the account by filling up a physical form. Visit sharekhan branch office or contact sharekhan advisor to get the account closure form. Fill the form, attach unsued DIS (Delivery Instruction Slip) and submit or courier the form to the address mentioned in the form.

     

  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.

     

Rate this article
4
4.8
Rating:Rated 4.8 stars

Vote Here ...


1 Comments

Prashant Pandey
1. Prashant Pandey  Jan 14, 2021 20:27 I Like It. | Report Abuse Reply
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.








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App