How to close ICICIDirect Demat Account?

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If the customer does not do any trades for 6 months, the ICICIDirect trading account becomes "Inactive" or "Dormant" trading account. The account remains on the customer's name and the broker keep charging Annual Maintenance Charges (AMC) on this account. To reactivate the ICICIDIrect account, the customer has to contact ICICI Bank.

If customers are not using the ICICIDirect's trading and demat account, it is recommended to close the account to avoid almost Rs 1000 per year AMC. ICICIDirect customer may close the accounts with ICICI Securities at any point of time.

Steps to close Demat Account with ICICIDirect

  1. Download the 'Account closure form' or Visit the nearest ICICI Bank branch and submit an application for Account Closure. Every branch has a sample application which they print and give it to the customer to sign.
  2. Fill the form by providing all the required details. You have to carry your id proof and bank account detail with you.
  3. Attach all the required documents like copy of the ledger, unused DP slips
  4. After the application is submitted for account closure, you will receive an SMS on your registered mobile number with an account closure request number.
  5. It may take up to 2 working days to close the account. Once the account is closed you will get confirmation SMS.

Note:

  1. ICICI do not charge anything for account closure.
  2. Before closing the account customer should reduce the account balance to zero.
  3. Customer should have no shares in demat account. Either they have to be transferred in other account or rematerialized them.



19 Comments

Suraj gaikwad
19. Suraj gaikwad  Mar 28, 2021 19:34 I Like It. | Report Abuse Reply 0
Plz close my Demat account and money deposited my account plz
Resham Ramesh Tayade
18. Resham Ramesh Tayade  Mar 19, 2021 19:39 I Like It. | Report Abuse Reply 0
I want close my demant account
Resham Ramesh Tayade
17. Resham Ramesh Tayade  Mar 19, 2021 19:37 I Like It. | Report Abuse Reply 0
I want close my demant account plz help me
Akhil
16. Akhil  Mar 11, 2021 13:43 I Like It. | Report Abuse Reply 0
Plz close my savings account and demet account
JAYANTA BHADRA
15. JAYANTA BHADRA  Mar 4, 2021 16:04 I Like It. | Report Abuse Reply 0
Please help me for closing my trading account and also demat account
Shailesh parmar
14. Shailesh parmar  Feb 23, 2021 11:27 I Like It. | Report Abuse Reply 0
Kindly close my account plzz
Kishan chittewar
13. Kishan chittewar  Feb 10, 2021 15:03 I Like It. | Report Abuse Reply 0
Please close my ICICI demat account
Nafisur Ahmed
12. Nafisur Ahmed  Feb 5, 2021 22:43 I Like It. | Report Abuse Reply 0
Kindly close my dmat account.
Pradeep Kumar Yadav
11. Pradeep Kumar Yadav  Feb 5, 2021 08:41 I Like It. | Report Abuse Reply 0
Plz close my icici demat account
Vipul jagdishbhai patel
10. Vipul jagdishbhai patel  Jan 22, 2021 13:21 I Like It. | Report Abuse Reply 0
brokerage is very high. and also AMC charges also very high i recommended to all do not open Demat account in Icici direct. i have informed many times to ICICI for our concern but they dont have any cation
i want to close may DEMAT account in Coming Days
Pawan Kumar verma
9. Pawan Kumar verma  Jul 19, 2020 14:58 I Like It. | Report Abuse Reply 0
I have many time visit branch but not any person suggest close demat account.so Please close my demat and saving account.
Sitaram jaysing vasave
9.1. Sitaram jaysing vasave  Jan 19, 2021 20:13 I Like It. | Report Abuse 0
My account close Karna he sir plz Kar dena sir
Thiyaneswaran
8. Thiyaneswaran  Jan 18, 2021 10:39 I Like It. | Report Abuse Reply 0
11
Thiyaneswaran
7. Thiyaneswaran  Jan 18, 2021 10:37 I Like It. | Report Abuse Reply 0
Kindly close my demat account
Thiyaneswaran
6. Thiyaneswaran  Jan 18, 2021 10:35 I Like It. | Report Abuse Reply 0
Kindly close my ICICI Demat account
Puneet Kumar
5. Puneet Kumar  Jan 13, 2021 15:29 I Like It. | Report Abuse Reply 0
Please close my demat account
Rakesh saini
4. Rakesh saini  Nov 22, 2019 21:10 I Like It. 1 | Report Abuse Reply 0
Close for my demmet account
ICICI Direct
4.1. ICICI Direct  Jan 11, 2021 17:05 I Like It. | Report Abuse 0
you account has been closed
Ram
3. Ram  Nov 20, 2020 11:45 I Like It. | Report Abuse Reply 0
Yes , Dont use ICICI worst services ....
Anil M
2. Anil M  Nov 3, 2020 11:14 I Like It. | Report Abuse Reply 0
ICICI Direct is the worst DMAT Acc service provider of them all. Please choose any other account.
krishna kumar raja ram singh
1. krishna kumar raja ram singh  Mar 11, 2020 11:42 I Like It. | Report Abuse Reply 0
Close my demet account

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