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Get Account Closure Form-cdsl
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How to fill out the Account Closure Form-CDSL online
This guide provides a comprehensive overview of how to effectively fill out the Account Closure Form-CDSL online. Whether you are a sole holder or part of a joint account, this step-by-step process is designed to assist you in successfully completing the form.
Follow the steps to fill out the form accurately.
- Press the ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by filling in the account holder's details section. This includes meeting the requirements to enter your DP ID and Client ID. Ensure that you provide complete names as they appear on your account.
- In the address for correspondence field, fill in your complete postal address including city, state, and PIN code. This information is essential for any future communications.
- Provide details regarding any remaining security balances in the account. Clearly state the balance present and specify if it will be partly rematerialized, rematerialized, transferred to another account, or not applicable.
- If applicable, fill in the client bank details section for refunds. Provide the bank name, bank account number, MICR number, and IFSC code. Ensure that these details are accurate to avoid any issues.
- Affirm your declaration by indicating that all transactions in your demat account are true and authentic. Include signatures as necessary, unless the DP or CDSL initiates the closure.
- Finally, review all entered details for accuracy. Once satisfied, save changes, download, print, or share the completed form as needed.
Complete your Account Closure Form-CDSL online today for a smooth closure process.
First and foremost, an inactive demat account can lead to a loss in the value of your investments. This is because any changes or updates in the market won't be reflected in your account due to its inactivity. Secondly, it can also attract charges from your depository participant (DP) for not making any transactions.
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