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How to close SBI demat account?

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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.


5 Comments

5. Ganesh Sen   I Like It. |Report Abuse|  Link|Sep 14, 2022 1:10:46 PMReply
I went to sbi for opening saving account but for opening saving account they also open up demat and trading account without asking me or informing me about the same
And my amount debited from saving account on the account of opening charges for demat and trading account
Now as i want my debited amount back, i don't know what to do
As sbi people are not providing any proof for returning my money back
5.2. Harshit   I Like It. |Report Abuse|  Link|Oct 5, 2022 7:51:03 PM
Same thing happened!
5.3. Priyanka Singh   I Like It. |Report Abuse|  Link|Nov 16, 2022 12:39:45 PM
Same thing happened !
4. shaik   I Like It. |Report Abuse|  Link|Jun 16, 2022 2:08:52 PMReply
i went to request for relogin id for internet baking she opened demat account wihout my knowledge
3. P Ravi Kumar   I Like It. |Report Abuse|  Link|Feb 20, 2022 10:59:17 PMReply
I am Ravi Kumar
I am facing too much of problem both system problem as well as service problem . no one answers what you have to do. even i am not allowed to take my funds available in my ledger balance. we have to make request the rm.
shares are locked for what reason even they dont know. demat balance shows share quantities erroneous. if you ask they say technical problem. for how many days how many months customer has to face this problem.
help desk never never reeplies nor corrects. i am desperate to come out of sbicaps but they are delaying delaying . recd mail it will be done next 3 to 4 days . after 25 days i get a mail the request has been rejected. no one knows for what reason. no body replies also.

2. Shanmugavel   I Like It. |Report Abuse|  Link|Feb 3, 2022 12:25:31 AMReply
Dears,

Please do not open trading or demat account with SBI Securities.. It is one of worst supported environment.. After they migrated to the new portal... I am facing lot of problems and there is NO SUPPORT AT ALL.

The worst part is the Relationship manager does not know anything about it.
He is recommending to close the account.
1. gaurav   I Like It. |Report Abuse|  Link|Jan 5, 2022 1:58:43 AMReply
Hello,
Can i close my SBI securities account by mailing them because I did and got replied that they deactivated my sbi securities account. so please inform me about this procedure, is it correct way to close my sbi demat account?
thanks and regards
gaurav.