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How to close Edelweiss Demat account?

Edelweiss Account Opening

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Edelweiss offers both demat and trading account to its customers. For any reason, if you are not using your account for trading, it's better to close it to avoid any yearly fees like transaction or maintenance charges.

Steps to follow for account closure:

  1. To get the account closure form you can call on their toll-free number (18001023335) or email (helpdesk@edelweiss.in) them to get the soft copy of the form.
  2. Print it, fill it and duly sign it.
  3. Submit the hard copy to the nearest branch. It's a completely offline process so to process the account closure it's mandatory to submit the hard copy of account closure form. It takes around 7 days to process the closure request.

Note:

  1. There are no charges involved for account closure.
  2. It's required to clear any outstanding debit balance before submitting the closing request. If there is any credit balance they will issue the cheque on closure the account.
  3. If there is any stock holding in your account, they have to be transferred in another demat account before closure request.
  4. The full and final closure is depending on settlement of DP dues, Current month transaction and trading ledger balance.

Similar Questions:

  1. How to close Edelweiss account
  2. How to delete Edelweiss account
  3. How to inactivate Edelweiss demat account

 

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