How to close 5paisa Demat Account?

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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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5 Comments

Mangesh tanaji bhad
5. Mangesh tanaji bhad  Apr 4, 2020 09:44 I Like It. | I Don't Like It. | Report Abuse Reply
Close my account
Arvind dubey
4. Arvind dubey  Apr 1, 2020 03:31 I Like It. | I Don't Like It. | Report Abuse Reply
Mujhe apna diment acont band karna hai
Mohit Middha
3. Mohit Middha  Mar 31, 2020 23:08 I Like It. | I Don't Like It. | Report Abuse Reply
Iwant to close my 5paisa account
I dont how to use
Counld u help me to close my account.
KUFFAIR
2. KUFFAIR  Feb 22, 2020 13:11 I Like It. | I Don't Like It. | Report Abuse Reply
Iwant to close my 5paisa account
I dont how to use
Counld u help me to close my account.
Vishal Gilka
1. Vishal Gilka  Feb 7, 2020 05:22 I Like It. | I Don't Like It. | Report Abuse Reply
Iwant to close my 5paisa account
I dont how to use
Counld u help me to close my accounf
Sinesh kumar singh
6.2. Sinesh kumar singh  Feb 18, 2020 07:05 I Like It. | I Don't Like It. | Report Abuse
Please my close demat account 5paisa
Sinesh kumar singh
6.3. Sinesh kumar singh  Feb 18, 2020 07:06 I Like It. | I Don't Like It. | Report Abuse
Please my close demat account 5paisa







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