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How to close SBI securities account?

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Steps for closing SBI securities account:

  1. Download the SBI Demat & Trading Account Closure Request Form
  2. Fill in all the details and sign it.
  3. Attach the unused Delivery instruction slips, if any.
  4. Courier it to the address provided in the form along with the requested documents or physically submit it to a nearby SBI branch.

Points to note:

  • Ensure you do not have any negative balance in your trading account.
  • Ensure there are no shares in your Demat account.
  • In case of holdings in the account, submit a DIS, sealed, and stamped DP client master of target DP along with the closure form to transfer the shares to another Demat account.
  • For a joint account, all the holders need to sign the closure form.



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