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How to close 5paisa Demat Account?

5paisa Account Opening

FREE Account Opening (Rs 650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.

Demat accounts attract annual account maintenance charges (AMC). So it is a good idea to close an inactive or dormant account. In case you have many accounts, you can merge all the securities into one account. This will help you save AMC and hassle of managing multiple demats.

Whatever be your reason for closure, you can close your Demat Account with 5paisa at any time. You don't have to pay any fees or charges for closing your Demat account. The process could take a few days as it's not online.

Before you start your 5paisa Demat account closure, you need to know 2 key facts:

  1. Online demat account closing is not an option with 5paisa.
  2. If you have a joint account then all the holders need to sign on the form for its closure.

Also, there are a few things; you should do before to speed up your account closure process:

  1. Close all your open F&O positions in the market.
  2. Sell or transfer your demat holdings.
  3. Pay all pending dues, if any, with the company

Steps to close 5paisa Demat Account

  1. Call 5paisa support desk or send email to support@5paisa.com to inform them that you are interested in closing the account
  2. Download the 5paisa Account Closure Request Form.
  3. Fill the form by following instructions given in it.
  4. Attach all the required documents like unused DP slips, if any.
  5. Sign and send the paper form to the address provided.

Note

  1. Follow up with the customer care after a week of submission of the application to know the status.
  2. You will receive intimation for account closure and a final statement.

 

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164 Comments

164. Hitesh  Sep 24, 2021 16:25 I Like It. | Report Abuse Reply
How to my close account
163. Hitesh  Sep 24, 2021 16:13 I Like It. | Report Abuse Reply
Close my 5paisa dimart account I am not intreseted
162. Sapna Prajapati  Jul 30, 2021 08:46 I Like It. | Report Abuse Reply
i want to close my demate account.i m not intrested in trading..
close it immidietly and permanantly plies help me out
162.1. VIPIN  Sep 6, 2021 13:00 I Like It. | Report Abuse
If any problem you can share
161. Gursewak Singh  Sep 12, 2021 14:42 I Like It. | Report Abuse Reply
Please close my demat and trading account because I don't have enough funds to invest . I'll think about investing in future.
So kindly please close my account.
160. Samayra  Aug 31, 2021 22:21 I Like It. | Report Abuse Reply
Plze close my account
160.1. Nikhil tiwari  Sep 11, 2021 07:02 I Like It. | Report Abuse
I want to close my demat account in 5 paisa iam not intrested can u help me...
159. BIRANCHI KUMAR  Sep 9, 2021 22:27 I Like It. | Report Abuse Reply
I want to close 5paisa demat account.I am not interested in trading.please close immediately my demat account.
158. Pankaj  Sep 3, 2021 20:45 I Like It. | Report Abuse Reply
Close my 5 paisa account i am not interested
157. VINAY kumar  Sep 2, 2021 08:16 I Like It. | Report Abuse Reply
Close my 5paisa demat account I am not interested
156. Minal Rajwar  Aug 31, 2021 20:56 I Like It. | Report Abuse Reply
Please close my 5 paisa account
155. Ram Chandra Meghwal  Aug 27, 2021 18:46 I Like It. | Report Abuse Reply
Dear Sir ,
Please close my 5 paisa Account permanently
154. nandhakumar  Aug 27, 2021 07:33 I Like It. | Report Abuse Reply
PLEASE CLOSE MY 5 PAISA ACCOUNT IM NOT INTRESTED
153. SERAJ AHMAD  Aug 22, 2021 20:50 I Like It. | Report Abuse Reply
CLOSSE MY ACAUNT 5PAISA.COM
152. Prashant Rawte  Aug 19, 2021 16:21 I Like It. | Report Abuse Reply
Please close my demat trading account
151. RAHUL KASHYAP  Aug 17, 2021 11:58 I Like It. | Report Abuse Reply
DEAR SIR/MEM

PLEASE CLOSE MY 5 PAISA ACCOUNT IM NOT INTRESTED

150. Aniths  Aug 16, 2021 11:02 I Like It. | Report Abuse Reply
Please close my 5 paise demat account permanently
149. Anand Nhanu Kadam  Aug 14, 2021 22:27 I Like It. | Report Abuse Reply
Sir, Please close my Account I'm not interested
148. Apurbaray  Aug 14, 2021 22:04 I Like It. | Report Abuse Reply
i want to close my demate account.i m not intrested in trading..
close it immidietly and permanantly plies help me out
147. Ande praveen  Aug 12, 2021 11:47 I Like It. | Report Abuse Reply
Dear sir place my account clouse
146. Akhilesh Mahendra kushwaha  Aug 10, 2021 15:28 I Like It. | Report Abuse Reply
I want close my demeat account please I don't use this application please block my account
145. Akhilesh Mahendra kushwaha  Aug 10, 2021 15:28 I Like It. | Report Abuse Reply
I want close my demeat account please I don't use this application please block my account
144. Akhilesh Mahendra kushwaha  Aug 10, 2021 15:27 I Like It. | Report Abuse Reply
I want close my demeat account please I don't use this application please block my account
143. Khush saparia  Aug 4, 2021 21:37 I Like It. | Report Abuse Reply
I want to close my demet account i am not interested in trading so i close my demet account please close my 5paisa demet account
142. Sathish k  Aug 4, 2021 20:56 I Like It. | Report Abuse Reply
Close my demat account immediately.... Because I'm not interested
141. Sathish k  Aug 4, 2021 20:56 I Like It. | Report Abuse Reply
Close my demat account immediately.... Because I'm not interested
140. Sathish k  Aug 4, 2021 20:55 I Like It. | Report Abuse Reply
Close my demat account immediately.... Because I'm not interested
139. Ravi Shankar pathak  Jul 30, 2021 13:23 I Like It. | Report Abuse Reply
i want to close my demate account.i m not intrested in trading..
close it immidietly and permanantly plies help me out
138. Mahaveer Singh  Jul 29, 2021 18:27 I Like It. | Report Abuse Reply
Please close my account.
137. Naneshwar M Turkar  Jul 27, 2021 08:47 I Like It. | Report Abuse Reply
i want to close my demate account.i m not intrested in trading..
close it immidietly and permanantly..thnk u.
136. mohd zubair  Jul 25, 2021 22:12 I Like It. | Report Abuse Reply
i want to close my demate account.i m not intrested in trading..
close it immidietly and permanantly..thnk u.
135. Esha  Jul 25, 2021 07:59 I Like It. | Report Abuse Reply
Please close my demat account
I don't know how to work with the account.Client id-58093462
134. SHUBHAM Kumar yadav  Jul 24, 2021 09:20 I Like It. | Report Abuse Reply
I am not interested 5paisa sir closed my account parmanetaly
133. Akash Raosaheb Salve  Jul 22, 2021 20:13 I Like It. | Report Abuse Reply
I want to close my demat and trading account
I have not done any single trade and I am not interested to trade in future
My client ID :- 51186686
132. Sathishkumar R  Jul 22, 2021 17:58 I Like It. | Report Abuse Reply
Close my demat account immediately. Because your service are very very poor.
131. Dattesh Jaywant Zagade  Jul 21, 2021 15:37 I Like It. | Report Abuse Reply
Please I am continuously many days requesting,Emails,calls to close my account but I am not responsed and help by your company.
130. Anil kumar  Jul 21, 2021 14:15 I Like It. | Report Abuse Reply
5 paisa demat account is one of the worst trader. Service is nill and worst
129. Madhukar Shivaji Janjire  Jul 21, 2021 07:50 I Like It. | Report Abuse Reply
Close my demat account immediately. Because your service are very very poor. Client code 54469014
128. Mukesh  Jul 20, 2021 14:44 I Like It. | Report Abuse Reply
Please close my dmat account and trading account in 5 paisa immediately. Clint code: 56285485
127. MD AJET ALI MANDAL  Jul 19, 2021 19:59 I Like It. | Report Abuse Reply
DEAR SIR I AM NOT INTERESTED ABOUT 5 PAISA DEMAT ACCOUNT , PLEASE CLOSE MY DEMAT ACCOUNT
126. SAHIDUL HQ KHAN  Jul 13, 2021 12:31 I Like It. | Report Abuse Reply
I am Close my account.my account number is 57898281. please close my account.i am not interested it..
125. Kumar obuliraj  Jul 12, 2021 16:04 I Like It. | Report Abuse Reply
Please close my demat account
I don't know how to work with the account
My account : 51379514
124. SAHIDUL HQ KHAN  Jul 12, 2021 10:25 I Like It. | Report Abuse Reply
Please close my 5paisa demat account. I am not understand how to work
123. SAHIDUL HQ KHAN  Jul 12, 2021 10:24 I Like It. | Report Abuse Reply
Please close my 5paisa demat account. I am not understand how to work
122. Syed Arshad Javeed  Jul 11, 2021 12:05 I Like It. | Report Abuse Reply
Dear 5paisa Team,
I hope you are all doing well. Wanted to close my Demat Account permanently. Can you do the needful and let me know if you need anything from my side for closing it asap.
121. Hemant  Jul 9, 2021 19:42 I Like It. | Report Abuse Reply
Close
5 paisa demate account
120. Pyla durgaprasad  Jul 5, 2021 22:58 I Like It. | Report Abuse Reply
Iam not interested plg close my account
119. Pyla durgaprasad  Jul 5, 2021 22:41 I Like It. | Report Abuse Reply
I want close my 5paisa account plg
118. Sanjeev Raghav  Jul 5, 2021 11:19 I Like It. | Report Abuse Reply
I want to close my account parmanently. Please suggest.
117. Syeda shazeen  Jul 3, 2021 13:57 I Like It. | Report Abuse Reply
I am not interested please close my account
116. Ankit malviya  Jun 26, 2021 07:57 I Like It. | Report Abuse Reply
I m not interested sir pls close my demet account
115. nitin barai  Jun 24, 2021 20:13 I Like It. | Report Abuse Reply
I have demat account in 5 paisa,
I want to closed my demat account please suggest me how can I closed my account...