Get Demat Account Closure Form

Closing a demat account can seem daunting, but with the right guidance, the process can be straightforward. This guide provides you with a step-by-step approach to filling out the Demat Account Closure Form online, ensuring you understand each component clearly.

Follow the steps to complete the Demat Account Closure Form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill in your application number at the top of the form. This number is essential for reference and processing your request.
3. Indicate who initiated the closure by selecting 'BO' for Beneficial Owner or 'DP' for Depository Participant, based on your situation.
4. Enter the date when you are filling out the form to document your request accurately.
5. Provide your details as the account holder. Include your DP ID, which uniquely identifies your account, and your name as the first or sole holder.
6. If applicable, fill in the names of any additional holders. Ensure that this section is completed accurately, as it pertains to joint accounts.
7. List your correspondence address, including your city, state, and PIN code. Ensure this information is clear and correct to avoid confusion.
8. Detail any remaining security balance in the account, if there is any. Indicate the specific actions related to these balances, such as rematerializing or transferring them.
9. Indicate a reason for closing the account. Providing this information is helpful for record-keeping and future reference.
10. If applicable, fill out sections regarding balances earmarked, pending for dematerialization, or other specific requirements as detailed on the form.
11. Complete the declaration section to confirm that all transactions in the account are true and authentic, especially if the closure is due to shifting the account.
12. Obtain the required signatures from all account holders in the designated sections to validate the closure request.
13. If initiated by DP or CDSL, signatures of account holders are not required. Review the instructions carefully before submission.
14. Finally, save your changes, and download or print the form to keep a record for your reference.

Take control of your finances today by completing your Demat Account Closure Form online.