How to close TradeSmart demat account?

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For any reason, if your account is kept idle for long, it's recommended to close it to avoid maintenance charges. The account holder has to take care of below things before requesting the closure of an account.

  1. Transfer all the securities to other demat account and make it nil
  2. Pay all the dues or debit balance before initializing the process
  3. Close all your open positions in the market
  4. All account holders have to sign the document in case of a joint account

The account cannot close through phone or chat so one has to download the form and print it. To download the form:

  1. Visit TradeSmart website
  2. Click on Support--->Download
  3. Click on Download button in front of Account Closure Form
  4. Print the pdf and fill the form and sign it
  5. Or click here to 'Download the form'
  6. Courier it to the address given in the form

After submitting the form it takes 5 to 7 days to close the account.


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