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How to close Zerodha Demat Account?

Zerodha Account Opening

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The Zerodha Trading and Demat account get deactivated if you do not use them for 6 months. This dormant trading account can be activated by calling Zerodha.

If you are a Zerodha customer and not using the account anymore or moved to another broker, it is recommended to close the account to avoid paying AMC charges. It also reduces the chance of misusing the account by someone else.

Zerodha customer may close the accounts with Zerodha at any point of time. Below pre-check has to be done before sending the requests for Closure of demat account.

  1. It should not have Debit Balance in your account.
  2. It should not have any shares in your account.
  3. All holders are required to sign the closure request form.

The easiest way to close the account with Zerodha is to submit an application for Account Closure. The Zerodha account closure application form can be downloaded from Zerodha's website. Customer can fill the form, sign it and courier it to the Bangalore office.

Note that after the application for account closure is received, it may take up to 2 working days to close the account. The customer receives the email notification with the status updates on account closing procedure. Zerodha do not charge anything for account closure.

 

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