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:

Account Closure Request Form
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.

Topic: SBI Securities Demat Account Review

9 Comments

9. Ravinder

| Link|March 17, 2024 10:16:08 PMReply

Sbi demat account close please

8. Ram Kailas Walukar

| Link|January 1, 2024 6:57:34 AMReply

Close Demat SBI my Account

8.1. Anand Sharma

| Link|February 27, 2024 8:47:21 AM

Account close kaise kare sir

7. Ganesh Sen

| Link|September 14, 2022 12:10:46 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

Load more comments (4 replies)

7.5. Saad

| Link|June 12, 2023 10:52:16 PM

The same thing happened to me also. She opened my demat account while opening the savings account. And later on, when all work was done she said that opening a demat account is compulsory

7.6. Kritika

| Link|July 25, 2023 1:57:35 PM

I also faced same thing then i again visited branch for deactivation process branch manager couldn't support me and the agent said that she did the deactivation process but i didn't receive deactivation confirmation message or mail and the account still exists i try to contact with customer care service but they also didn't provide help they only register complaint and. Didn't deactivate account please anybody let me know more information about this

6. Mohammad Saad

| Link|June 12, 2023 10:52:55 PMReply

My name is Saad, today I opened my saving account with SBi, and there was an employee name Chandini who opened my demat account while login into the Yono app of SBI. She took my signature and clicked my one photo and did not tell me anything about what she is doing.

After filling in all the details she told me that she had opened the I'm at account also and said that opening a Demat account with SBI is compulsory while opening a saving account.

But when I reached home I call to SBI helpline no. And they told me that this is not compulsory.

So today only I transferred the full amount which I deposited for opening a saving account.

And tomorrow I will go to the SBI branch again to complain about this and to close the Demat account.

5. Dhage jyoti

| Link|May 19, 2023 1:53:16 PMReply

Same thing happened with us,we went to sbi for 2 year statements for home lone and they cunningly opened denar account without our consent and dint gave any information about it, they took our pan, aadhar and signed on forms and told us that this is needed for homelone.afterthat when money debited from account we came to know that they decieved us.what banks are looting today their coutomeres.this is clearly malpractice,I strongly condemn it.

4. shaik

| Link|June 16, 2022 1:08:52 PMReply

i went to request for relogin id for internet baking she opened demat account wihout my knowledge

3. P Ravi Kumar

| Link|February 20, 2022 9:59:17 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

| Link|February 2, 2022 11:25:31 PMReply

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

| Link|January 5, 2022 12:58:43 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.

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