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How to close 5paisa Demat Account?

5paisa Account Opening

FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + 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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200 Comments

200. Md Afroj Ali   I Like It. | Report Abuse |   Link | Mar 22, 2022 5:11:06 PM Reply
Close my 5paisa account please
200.1. CHIRAG N THAKKAR   I Like It. | Report Abuse |   Link | May 24, 2022 7:00:27 PM
Close my demate account
199. Mohd Azeem Mansoori   I Like It. | Report Abuse |   Link | May 21, 2022 8:28:58 AM Reply
Dear Sir,

Kindly closed my 5paisa demate account client Id 54851355
198. Vikash   I Like It. | Report Abuse |   Link | Mar 25, 2022 11:47:51 PM Reply
I am not interested because i am not know how the process to open
197. Vishal Chauhan   I Like It. | Report Abuse |   Link | Mar 23, 2022 2:19:24 AM Reply
Close my account,
clinte id- 54026426
196. Rahul Chouhan   I Like It. | Report Abuse |   Link | Mar 21, 2022 9:04:44 PM Reply
Pls close my account from 5paisa because ive had no idea on this so, I kindly request to close my account .
195. Ksanborlang Pathaw   I Like It. | Report Abuse |   Link | Mar 16, 2022 1:33:21 PM Reply
Pls close my account from 5paisa because ive had no idea on this so, I kindly request to close my account .
194. Sahil Padwal   I Like It. | Report Abuse |   Link | Mar 8, 2022 2:34:55 PM Reply
Sir pls close my 5paisa demat account
193. Karment Marak   I Like It. | Report Abuse |   Link | Jan 17, 2022 5:33:12 PM Reply
Close my account 54413089 I D number
193.1. Abhishek   I Like It. | Report Abuse |   Link | Jan 20, 2022 6:23:33 PM
Sir please close my demat account
193.2. Kapil kumar   I Like It. | Report Abuse |   Link | Mar 3, 2022 9:59:09 PM
I want to close my account
192. Awes Tamboli   I Like It. | Report Abuse |   Link | Nov 12, 2021 11:44:56 PM Reply
Close my demate account and trading account clint id 58942723
192.2. afsaarahmed   I Like It. | Report Abuse |   Link | Feb 6, 2022 8:44:32 AM
Please sir delete my account please mera account delete kar dijiye sar please request
192.3. afsaarahmed   I Like It. | Report Abuse |   Link | Feb 6, 2022 8:46:40 AM
Please sir delete my account please mera account delete kar dijiye sar please request
191. Akhilesh Mahendra kushwaha   I Like It. | Report Abuse |   Link | Aug 10, 2021 3:28:14 PM Reply
I want close my demeat account please I don't use this application please block my account
191.1. Madhumitha   I Like It. | Report Abuse |   Link | Feb 4, 2022 12:28:03 PM
How to deactivate the account... please help me
190. Surendra   I Like It. | Report Abuse |   Link | Oct 16, 2021 7:25:34 AM Reply
Please Close My 5 Paisa Account
190.1. Pintoo sharma   I Like It. | Report Abuse |   Link | Jan 28, 2022 10:33:32 PM
Please close my account
189. Awes Tamboli   I Like It. | Report Abuse |   Link | Nov 12, 2021 11:46:33 PM Reply
Close my demate account and trading account clint id 58942723
189.1. Abhishek   I Like It. | Report Abuse |   Link | Jan 20, 2022 6:31:57 PM
Sir my demat acount please close costumer idea 56792929 close
188. Anurag singh   I Like It. | Report Abuse |   Link | Dec 15, 2021 1:57:59 PM Reply
Close my account
Id 53179081
188.1. KetanKumar   I Like It. | Report Abuse |   Link | Jan 10, 2022 12:35:53 PM
Deletd my account
187. Rajveer Das   I Like It. | Report Abuse |   Link | Dec 28, 2021 6:53:15 PM Reply
Sir demat account & Trending Accounts close kardo Aapka dhan baad
Clint id. 59081423
186. mohit   I Like It. | Report Abuse |   Link | Dec 4, 2021 10:55:41 AM Reply
pls closed my account
186.1. JAMSHEER   I Like It. | Report Abuse |   Link | Dec 11, 2021 8:56:09 AM
Steps to close 5paisa Demat Account

Call 5paisa support desk or send email to support@5paisa.com to inform them that you are interested in closing the account
Download the 5paisa Account Closure Request Form.
Fill the form by following instructions given in it.
Attach all the required documents like unused DP slips, if any.
Sign and send the paper form to the address provided.
185. Kuldeep Hudda   I Like It. | Report Abuse |   Link | Nov 28, 2021 1:45:32 PM Reply
Sir plz close my account I m not interested in trading
I'd is - 55063049
184. Kuldeep Hudda   I Like It. | Report Abuse |   Link | Nov 28, 2021 1:44:55 PM Reply
Sir plz close my account I m not interested in trading
I'd is - 55063049
183. Aleesh Michael   I Like It. | Report Abuse |   Link | Nov 23, 2021 11:29:36 AM Reply
Close my 5paise account
182. Thanuja C   I Like It. | Report Abuse |   Link | Nov 20, 2021 2:34:23 PM Reply
Please delete my 5 paisa account
Id-52691134
181. Font das   I Like It. | Report Abuse |   Link | Nov 18, 2021 10:41:17 PM Reply
Please delete my 5 paisa account
Id-54923021
180. Maheshvaran   I Like It. | Report Abuse |   Link | Nov 18, 2021 3:37:24 PM Reply
Close my 5paisa demat account sir
179. BHUKYA RAJU   I Like It. | Report Abuse |   Link | Nov 17, 2021 8:24:48 AM Reply
Please close my 5Paisa demat account client Id:53342367
178. BHUKYA RAJU   I Like It. | Report Abuse |   Link | Nov 17, 2021 8:23:30 AM Reply
Please close my 5Paisa demat account client Id:53342367
177. Awes Tamboli   I Like It. | Report Abuse |   Link | Nov 12, 2021 11:47:06 PM Reply
Close my demate account and trading account clint id 58942723
176. Awes Tamboli   I Like It. | Report Abuse |   Link | Nov 12, 2021 11:45:41 PM Reply
Close my demate account and trading account clint id 58942723
175. Priya Reddy   I Like It. | Report Abuse |   Link | Nov 9, 2021 7:15:55 AM Reply
Close my demat account. I'm not at all interested in it
174. SHUBHAM   I Like It. | Report Abuse |   Link | Nov 8, 2021 7:02:34 PM Reply
I want to close my 5paise account Because i am not interested to use it
173. Sathish k   I Like It. | Report Abuse |   Link | Aug 4, 2021 8:56:43 PM Reply
Close my demat account immediately.... Because I'm not interested
173.1. Atonphy kashung   I Like It. | Report Abuse |   Link | Nov 8, 2021 5:49:46 PM
I want to leave 5paisa account immediately. I'm not interested in this account anymore.
172. Mohit kumar   I Like It. | Report Abuse |   Link | Nov 5, 2021 12:26:54 PM Reply
I want to close my account because I m not interested
.
171. Rajesh Mahendra Jadhav   I Like It. | Report Abuse |   Link | Nov 3, 2021 5:32:45 PM Reply
Hi
I want to close my 5paise account Because i am not intertested to use it
170. Sunil kumar   I Like It. | Report Abuse |   Link | Oct 31, 2021 5:56:59 PM Reply
Hi i want to close my 5paise account. I am i am not interested to use it
169. Ashish Arke   I Like It. | Report Abuse |   Link | Oct 18, 2021 5:55:58 AM Reply
Hey , Close my 5 paisa account I'm no more intrested in that.
168. Pothuraju harikrishna   I Like It. | Report Abuse |   Link | Oct 17, 2021 9:33:09 AM Reply
Close my demat account I'm not interested
167. Pothuraju harikrishna   I Like It. | Report Abuse |   Link | Oct 17, 2021 9:32:03 AM Reply
Close my demat account I'm not interested
166. Irfan   I Like It. | Report Abuse |   Link | Oct 11, 2021 10:37:29 PM Reply
Close my account
165. Sonu   I Like It. | Report Abuse |   Link | Oct 11, 2021 9:49:25 PM Reply
Deleted my account
164. S S S VENKATESH   I Like It. | Report Abuse |   Link | Oct 6, 2021 11:10:50 AM 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.
163. Omprakash parmar   I Like It. | Report Abuse |   Link | Oct 5, 2021 12:52:03 PM Reply
I am not untreated your 5paisa plase close my account
162. Hitesh   I Like It. | Report Abuse |   Link | Sep 24, 2021 4:13:27 PM Reply
Close my 5paisa dimart account I am not intreseted
162.1. Shubham Tivari   I Like It. | Report Abuse |   Link | Sep 28, 2021 11:42:31 AM
Close my demat account I am not interested
161. Hitesh   I Like It. | Report Abuse |   Link | Sep 24, 2021 4:25:39 PM Reply
How to my close account
160. Sapna Prajapati   I Like It. | Report Abuse |   Link | Jul 30, 2021 8:46:43 AM Reply
i want to close my demate account.i m not intrested in trading..
close it immidietly and permanantly plies help me out
160.1. VIPIN   I Like It. | Report Abuse |   Link | Sep 6, 2021 1:00:19 PM
If any problem you can share
159. Gursewak Singh   I Like It. | Report Abuse |   Link | Sep 12, 2021 2:42:51 PM 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.
158. Samayra   I Like It. | Report Abuse |   Link | Aug 31, 2021 10:21:33 PM Reply
Plze close my account
158.1. Nikhil tiwari   I Like It. | Report Abuse |   Link | Sep 11, 2021 7:02:28 AM
I want to close my demat account in 5 paisa iam not intrested can u help me...
157. BIRANCHI KUMAR   I Like It. | Report Abuse |   Link | Sep 9, 2021 10:27:04 PM Reply
I want to close 5paisa demat account.I am not interested in trading.please close immediately my demat account.
156. Pankaj   I Like It. | Report Abuse |   Link | Sep 3, 2021 8:45:59 PM Reply
Close my 5 paisa account i am not interested
155. VINAY kumar   I Like It. | Report Abuse |   Link | Sep 2, 2021 8:16:12 AM Reply
Close my 5paisa demat account I am not interested
154. Minal Rajwar   I Like It. | Report Abuse |   Link | Aug 31, 2021 8:56:45 PM Reply
Please close my 5 paisa account
153. Ram Chandra Meghwal   I Like It. | Report Abuse |   Link | Aug 27, 2021 6:46:45 PM Reply
Dear Sir ,
Please close my 5 paisa Account permanently
152. nandhakumar   I Like It. | Report Abuse |   Link | Aug 27, 2021 7:33:14 AM Reply
PLEASE CLOSE MY 5 PAISA ACCOUNT IM NOT INTRESTED
151. SERAJ AHMAD   I Like It. | Report Abuse |   Link | Aug 22, 2021 8:50:10 PM Reply
CLOSSE MY ACAUNT 5PAISA.COM