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How to close ICICIDirect Demat Account?

ICICIdirect Account Opening

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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.

 

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24 Comments

24. P.Naresh   I Like It. | Report Abuse |   Link | Feb 21, 2022 12:57:24 PM Reply
Please close my trading account
23. Prashant   I Like It. | Report Abuse |   Link | May 27, 2021 11:48:22 PM Reply
Mere khata KO band Kar do
23.1. Jayjayram kumar   I Like It. | Report Abuse |   Link | Feb 5, 2022 2:49:51 PM
Icicidirect demat account close karana hai
22. Vipul jagdishbhai patel   I Like It. | Report Abuse |   Link | Jan 22, 2021 1:21:25 PM Reply
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
22.1. Sandip   I Like It. | Report Abuse |   Link | Jan 19, 2022 4:47:29 AM
Me to sirf call center me employee tha patahi nai in logone kab mera demat account khol diya, jub welcome kit dekha to demat account related details the... Mene confirmation call me bhi bola ye baat par phirbhi koi farak nai...
21. Mahesh.M   I Like It. | Report Abuse |   Link | Jan 13, 2022 7:57:20 PM Reply
Annual charges is also there for dormant inactive account ?
20. Jyoti bahnadri   I Like It. | Report Abuse |   Link | Oct 27, 2021 7:40:58 PM Reply
Please close my dmart account in icici
19. Bala Bharat   I Like It. | Report Abuse |   Link | Apr 26, 2021 9:43:45 AM Reply
I want to close my demat account as their services or not willing. I had an outstanding amount about 3000 to be cleared please direct me properly over my problem.
18. Suraj gaikwad   I Like It. | Report Abuse |   Link | Mar 28, 2021 7:34:27 PM Reply
Plz close my Demat account and money deposited my account plz
17. Resham Ramesh Tayade   I Like It. | Report Abuse |   Link | Mar 19, 2021 7:39:22 PM Reply
I want close my demant account
16. Resham Ramesh Tayade   I Like It. | Report Abuse |   Link | Mar 19, 2021 7:37:57 PM Reply
I want close my demant account plz help me
15. Akhil   I Like It. | Report Abuse |   Link | Mar 11, 2021 1:43:54 PM Reply
Plz close my savings account and demet account
14. JAYANTA BHADRA   I Like It. | Report Abuse |   Link | Mar 4, 2021 4:04:08 PM Reply
Please help me for closing my trading account and also demat account
13. Shailesh parmar   I Like It. | Report Abuse |   Link | Feb 23, 2021 11:27:55 AM Reply
Kindly close my account plzz
12. Kishan chittewar   I Like It. | Report Abuse |   Link | Feb 10, 2021 3:03:26 PM Reply
Please close my ICICI demat account
11. Nafisur Ahmed   I Like It. | Report Abuse |   Link | Feb 5, 2021 10:43:09 PM Reply
Kindly close my dmat account.
10. Pradeep Kumar Yadav   I Like It. | Report Abuse |   Link | Feb 5, 2021 8:41:22 AM Reply
Plz close my icici demat account
9. Pawan Kumar verma   I Like It. | Report Abuse |   Link | Jul 19, 2020 2:58:50 PM Reply
I have many time visit branch but not any person suggest close demat account.so Please close my demat and saving account.
9.1. Sitaram jaysing vasave   I Like It. | Report Abuse |   Link | Jan 19, 2021 8:13:42 PM
My account close Karna he sir plz Kar dena sir
8. Thiyaneswaran   I Like It. | Report Abuse |   Link | Jan 18, 2021 10:39:40 AM Reply
11
7. Thiyaneswaran   I Like It. | Report Abuse |   Link | Jan 18, 2021 10:37:09 AM Reply
Kindly close my demat account
6. Thiyaneswaran   I Like It. | Report Abuse |   Link | Jan 18, 2021 10:35:55 AM Reply
Kindly close my ICICI Demat account
5. Puneet Kumar   I Like It. | Report Abuse |   Link | Jan 13, 2021 3:29:06 PM Reply
Please close my demat account
4. Rakesh saini   I Like It. 1 | Report Abuse |   Link | Nov 22, 2019 9:10:06 PM Reply
Close for my demmet account
4.1. ICICI Direct   I Like It. | Report Abuse |   Link | Jan 11, 2021 5:05:45 PM
you account has been closed
3. Ram   I Like It. | Report Abuse |   Link | Nov 20, 2020 11:45:44 AM Reply
Yes , Dont use ICICI worst services ....
2. Anil M   I Like It. | Report Abuse |   Link | Nov 3, 2020 11:14:04 AM Reply
ICICI Direct is the worst DMAT Acc service provider of them all. Please choose any other account.
1. krishna kumar raja ram singh   I Like It. | Report Abuse |   Link | Mar 11, 2020 11:42:22 AM Reply
Close my demet account