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How to close SBI demat account?

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Are you a day trader?

SBI Demat and/or trading account can be closed by submitting an Account Close Request Form. This form has to be submitted physically.

There are 2 ways to deactivate your SBI Demat account:

  • Download the SBI Demat & Trading Account Closure Request Form. Print, fill and sign it. Send it to the address provided in the form along with the requested documents. If the above link doesn't work, download the form from here.
  • Visit any of the SBI branches near you and ask for a Demat account closure form. Fill, sign it and submit it back to the branch along with requested documents.

Documents for SBI Demat Account Closure

Only the forms are needed to close your demat account with SBI. The following forms are required:

  1. Account Closure Request Form
  2. Remit Request Form (RRF Form) (Only if you want to transfer demat holdings to another demat account)

Before you close the account

  • Make sure you do not have any balance (credit or debit) in your trading account.
  • Make sure no shares in your demat account. If you are moving shares to another demat account, move them before submitting the closer request.
  • In the case of a joint account, the signature of all the holders is required on closure form.
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