How to close Sharekhan Account?

Published on Monday, December 9, 2019 by Chittorgarh.com Team | Modified on Monday, July 18, 2022

If you have a sharekhan trading and demat account and are not using it for some reasons then it is better to close the account. Demat accounts attract Annual Maintenance Charges (AMC) and other charges, and these charges continue to accrue interest until it is settled. So, whenever you close your account, you will have to pay all the unsettled dues, before your application for closure of the account will be entertained. And that's why it is better to close your demat account if you don't want to use it in future.

The sharekhan account closure process cannot be done online or via email/chat or customer support. You can close the account only by filling up a physical form. However, before you initiate closing sharekhan trading & demat account, you need to-

• Close all open positions in your trading account.
• Move all the securities held in Sarekhan demat account to another demat account or sell it.
• Clear all your dues.

How To Close Sharekhan Account By Visiting The Branch

Sharekhan has branches and franchise offices in many cities across India. To find a Sharekhan branch office in your neighbourhood; visit 'Contact us' section of the Sharekhan website. If there's a branch office in your city then take the following steps-

1. Visit branch and request for an account closure form.
2. Fill the form and put your signature at the required places. If it is a joint account then all account holders need to sign in the form.
3. Attach all the unused DIS slips
4. Submit the form in the branch office. Alternatively, you can also courier the documents to the address mentioned in the form.

It takes 7 working days to process the account closure application. You will receive a confirmation letter within 15 days. In case you don't get the confirmation letter within 15 days then follow up on your request with the customer support.