What is the procedure to close my trading and/or demat account?

ParticularsTrading AccountDemat Account
Account Closure 

i. Clear ledger balance- no debit/ credit balance, unsettled trade positions, active SIP, pledged securities, etc.

ii. Requests can be placed only 6 days after the last traded date.
  i. Clear ledger balance
 ii. AMC dues (if any) settled
 iii. NIL holdings

You can close your account either online through MyGeojit or by submitting a form at your branch:

Step 1. Log in to MyGeojit and go to Services & Downloads

Step 2. Select Forms > I want to close my account under Account Closure

Step 3. Select the accounts you wish to close (tradingdematProceed

Step 4. Select the Reason for closing > Generate OTP

Step 5. Enter the OTP > Proceed

Step 6. E-sign the generated closure request form

Step 5. Complete the DP e-Sign process:
  • Read and accept the Terms & Conditions
  • Enter your Aadhaar Number > Send OTP 
  • Enter the OTP > Verify OTP

An email confirming the account closure request will be sent to your registered email ID.

Alternatively, you can contact your branch and submit a Closure Request Form along with any unused DIS (Delivery Instruction Slips).

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