How to close Religare Demat account?

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Open a demat account is a quick online process but closing an account is little time consuming compare to open an account. As its offline process, the customer has to submit physical form to the branch or courier it on mentioned address for account closure.

Steps for account closure:

Form

Account closure form can be downloaded from the website of the depository participant or DP or from the broker website.

Details

The following details need to be mentioned in the form

  1. DP ID and Client ID.
  2. Details like name and address as per the records.
  3. Reason for closing the account. All account holders are required to sign the closure request form in case of a joint account. POA holder (if any) cannot eligible to sign the closure request form.

Transfer

If the demat account has any shares, details of the account to which this balance needs to transferred must be mentioned in the form. The transfer can also be carried out by filling up a delivery instruction slip (DIS) before the closure of the account.

Process

After the form is submitted and is in order, it takes 7 to 10 business days to close the account.

Charges

There are no charges for account closure.

Points to note:

if the account has pending dues, it must be settled before submitting the request for its closure.



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