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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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21 Comments

21. Prashant  May 27, 2021 23:48 I Like It. | Report Abuse Reply
Mere khata KO band Kar do
20. Bala Bharat  Apr 26, 2021 09:43 I Like It. | Report Abuse 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.
19. Suraj gaikwad  Mar 28, 2021 19:34 I Like It. | Report Abuse Reply
Plz close my Demat account and money deposited my account plz
18. Resham Ramesh Tayade  Mar 19, 2021 19:39 I Like It. | Report Abuse Reply
I want close my demant account
17. Resham Ramesh Tayade  Mar 19, 2021 19:37 I Like It. | Report Abuse Reply
I want close my demant account plz help me
16. Akhil  Mar 11, 2021 13:43 I Like It. | Report Abuse Reply
Plz close my savings account and demet account
15. JAYANTA BHADRA  Mar 4, 2021 16:04 I Like It. | Report Abuse Reply
Please help me for closing my trading account and also demat account
14. Shailesh parmar  Feb 23, 2021 11:27 I Like It. | Report Abuse Reply
Kindly close my account plzz
13. Kishan chittewar  Feb 10, 2021 15:03 I Like It. | Report Abuse Reply
Please close my ICICI demat account
12. Nafisur Ahmed  Feb 5, 2021 22:43 I Like It. | Report Abuse Reply
Kindly close my dmat account.
11. Pradeep Kumar Yadav  Feb 5, 2021 08:41 I Like It. | Report Abuse Reply
Plz close my icici demat account
10. Vipul jagdishbhai patel  Jan 22, 2021 13:21 I Like It. | Report Abuse 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
9. Pawan Kumar verma  Jul 19, 2020 14:58 I Like It. | Report Abuse 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  Jan 19, 2021 20:13 I Like It. | Report Abuse
My account close Karna he sir plz Kar dena sir
8. Thiyaneswaran  Jan 18, 2021 10:39 I Like It. | Report Abuse Reply
11
7. Thiyaneswaran  Jan 18, 2021 10:37 I Like It. | Report Abuse Reply
Kindly close my demat account
6. Thiyaneswaran  Jan 18, 2021 10:35 I Like It. | Report Abuse Reply
Kindly close my ICICI Demat account
5. Puneet Kumar  Jan 13, 2021 15:29 I Like It. | Report Abuse Reply
Please close my demat account
4. Rakesh saini  Nov 22, 2019 21:10 I Like It. 1 | Report Abuse Reply
Close for my demmet account
4.1. ICICI Direct  Jan 11, 2021 17:05 I Like It. | Report Abuse
you account has been closed
3. Ram  Nov 20, 2020 11:45 I Like It. | Report Abuse Reply
Yes , Dont use ICICI worst services ....
2. Anil M  Nov 3, 2020 11:14 I Like It. | Report Abuse Reply
ICICI Direct is the worst DMAT Acc service provider of them all. Please choose any other account.
1. krishna kumar raja ram singh  Mar 11, 2020 11:42 I Like It. | Report Abuse Reply
Close my demet account