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How to close Axis Direct Demat Account?

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If you are not using your demat account for quite some time, it's recommended to close it to avoid annual fees and maintenance charges from your broker. Before closing the demat account with Axis Direct, customer should note the following:

  1. If there is any outstanding amount due in your Demat account customer has to pay the outstanding dues to process the closure request.
  2. If there are any securities held in customers Demat account, they have to transfer the securities to another Demat account as NSDL system does not allow them to close the Demat account in case of available security balance.


To close the account, the customer has to download the form from their website or click on to download the form and fill it with the required information. Then visit the nearest Axis Bank Branch to submit the Demat Account Closure form duly completed and signed by all account holder/s in original.

Note:

  1. Once the form is submitted and is in order, it takes 7 to 10 business days to close the account.
  2. Axis Direct does not charge for account closure.
  3. Unused delivery instruction booklet slip should be submitted back to The DP



17 Comments

17. Dandaboiena ramanjaneyulu  Aug 2, 2021 12:22 I Like It. | Report Abuse Reply
Dear sir/ Madam
My name is Ramanjaneyulufrom I want to close my axis direct a/c Every time some amount deducted from my axisa/c.This is not acceptable.So I want to close this a/c at earliest.So kindly do the needful.
16. SOUMYA DASGUPTA  Apr 6, 2021 13:37 I Like It. | Report Abuse Reply
Want to close m demat account .pls close .soumya dasgupta .my account in bhadrakali westbengal.
15. NANDISH R  Apr 5, 2021 17:00 I Like It. | Report Abuse Reply
RESPECTED SIR,
MYSELF NANDISH R I ALSO CONTACT THE BANK FOR CLOSING MY AXIS DIRECT ACCOUNT . THEY ARE NOT GIVING ANY INFORMATION THEY TOLD ONE CONTACT NUMBER TO ASK HIM HE TOLD MAIL HIM I ALREADY MAILED ALSO . THE DEMAT ACCOUNT STILL NOT CLOSED.
14. Sadashiv kathalu Navale  Apr 3, 2021 16:17 I Like It. | Report Abuse Reply
Close my Demat account please sir plz
13. Pintu kodle  Apr 2, 2021 23:03 I Like It. | Report Abuse Reply
Dear sir please my demat account closed not use
12. Sachin sudhakar Dabhade  Sep 11, 2020 08:45 I Like It. | Report Abuse Reply
Dear sir/ Madam
My name is sachin Dabhade from Jalgaon I want to close my axis direct a/c Every time some amount deducted from my SB a/c.This is not acceptable.So I want to close this a/c at earliest.So kindly do the needful.
11. Kanhaiya lal  Sep 2, 2020 16:48 I Like It. | Report Abuse Reply
Close Demat account please sir
Axis bank
10. P Kavinkumar  Apr 8, 2020 07:33 I Like It. | Report Abuse Reply
Dear sir/ Madam
My name is Kavinkumar from tiruchengode I want to close my axis direct a/c Every time some amount deducted from my SB a/c.This is not acceptable.So I want to close this a/c at earliest.So kindly do the needful.


Thanks & Regards
P Kavinkumar
10.2. Suraj Devadkar  Jul 31, 2020 21:51 I Like It. | Report Abuse

Dear sir/ Madam
My name is Suraj Devadkar from tiruchengode I want to close my axis direct a/c Every time some amount deducted from my SB a/c.This is not acceptable.So I want to close this a/c at earliest.So kindly do the needful.


Thanks & Regards
SSDevadkar
10.3. Suraj Devadkar  Aug 6, 2020 09:47 I Like It. | Report Abuse

Dear sir/ Madam
My name is Suraj Devadkar from Nipani I want to close my axis direct a/c Every time some amount deducted from my SB a/c.This is not acceptable.So I want to close this a/c at earliest.So kindly do the needful.


Thanks & Regards
SSDevadkar
9. Jagrut  May 2, 2020 13:27 I Like It. | Report Abuse Reply
My saving account 900 rs gone without anything. I am not using axis direct ... Anything ... Please help me to stop...
8. ABHIJIt  Apr 7, 2020 16:13 I Like It. | Report Abuse Reply
Very worst Experience with Axis direct ...charges r very high...I don't use account Still they cuts off 995 rs as a charges..I don't understand which type of charged
7. Kalpana devi  Apr 3, 2020 17:17 I Like It. | Report Abuse Reply
Respect sir,
I already send the message to close my axis direct account. But that account is not closed and I am not using this axis direct account. Every time money is debited. What can I do?
6. dibya  May 2, 2020 12:36 I Like It. | Report Abuse Reply
suddenly annual charges for demat account deducted from my saving account,i never activated axis direct,plz suggest me how to get refund for this?
6.1. Ujjwal  May 21, 2020 01:11 I Like It. | Report Abuse
Follow the process of filling the a/c closure form with self attested copy of PAN and send it to Address on the form, 2 weeks a/c shall be closed provided there is no balance due or any shares are lying there.
5. Keerthi  Apr 21, 2020 11:39 I Like It. | Report Abuse Reply
Hi sir /mam my self keerthi some people simply taken request to open axis direct account on 2 years back, but they told it is free but now it's getting charges like every month 1000 Rs please help me to close that account
4. Elam  Apr 13, 2020 14:05 I Like It. | Report Abuse Reply
Hello,
I am from Chennai, why you deduct money from SB account for Axis Direct Account, I have closed already.
3. Kulwant Singh Bhatia  Apr 4, 2020 13:10 I Like It. | Report Abuse Reply
Axis securities is providing the worst service. They will never send you the statement of demat account till you remind them.For the last four months I have raised certain enquiries at b/o Vasant Kunj,New Delhi,they will simply give the phone numbers of Axis Securities which the later never picked up.Better to close allA/c K.S.Bhatia
2. CHETHAN  Apr 4, 2020 10:55 I Like It. | Report Abuse Reply
RESPECTED SIR,
MYSELF CHETHAN I ALSO CONTACT THE BANK FOR CLOSING MY AXIS DIRECT ACCOUNT . THEY ARE NOT GIVING ANY INFORMATION THEY TOLD ONE CONTACT NUMBER TO ASK HIM HE TOLD MAIL HIM I ALREADY MAILED ALSO . THE DEMAT ACCOUNT STILL NOT CLOSED.
1. Ranjeesh  Apr 4, 2020 09:53 I Like It. | Report Abuse Reply
Dear sir/madam,
My name is ranjeesh from calicuti i want to close my axis direct a/c. Every time some amounts deducted from my SB account. This is not acceptable. So i want to close this a/c at earliest. So kindly do the needful.

Thanks & Regards
Ranjeesh