How to close ICICIDirect demat account online?

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Are you a day trader?

To close ICICI Direct demat account, you would need to fill out a form and submit it to the bank. The account closing process is a manual process. You cannot close the demat account by email, over the phone or by submitting an online application.

An SMS is sent with an account closure request number once your application is received. It could take up to 7 days to close the account. There are no charges for account closure. You will get confirmation SMS once the account is closed.

Steps to close ICICI Direct Account

  • Download the 'Account Closure Form' or get an account closure form from the ICICI branch.
  • Print it, Fill it and Sign it.
  • Submit it to the nearby ICICI branch or send it to the address in the form.
  • Wait for a call from ICICI. It takes 7 days for the account to close.

Note:

  • Before submitting the form, close all open trading positions and pay all dues, if any.
  • Transfer or sell the securities you hold in your demat account.
  • Any accounts which in the suspended mode for any reason cannot be closed. You have to get it active again before closing the account.



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