Is it possible to close a demat account with holdings?

No, a demat account with any balances (holdings) cannot be closed. You will be required to transfer the securities to another demat account before initiating the closure request.

Transfer to	Requirements
Own Account	* A Closure cum Transfer request can be placed. * This mode of transfer requires that the name pattern of both accounts are the same. * You can either: a. Submit a Closure cum Transfer Form at your Geojit branch. b. Place the closure cum transfer request through MyGeojit if your demat account is a single holder account. Please Note : If the client has holdings in their demat account then they have to upload the digitally signed CML or (Client Master List). * Refer to our article on how to close your account.
Someone else's Account/ Account with different name pattern	* Use a DIS (Delivery Instruction Slip) to make an off-market transfer of the securities. * Refer to our article on how to transfer securities using a DIS. * Then, submit a Closure Form at your Geojit branch.

Transfer to

Requirements

Own Account

* A Closure cum Transfer request can be placed.

* This mode of transfer requires that the name pattern of both accounts are the same.

* You can either:

a. Submit a Closure cum Transfer Form at

your Geojit branch.

b. Place the closure cum transfer request through MyGeojit if your demat account is a single holder account.

Please Note : If the client has holdings in their demat account then they have to upload the digitally signed CML or (Client Master List).

* Refer to our article on how to close your account.

Someone else's Account/ Account with different name pattern

* Use a DIS (Delivery Instruction Slip) to make an off-market transfer of the securities.

* Refer to our article on how to transfer securities using a DIS.

* Then, submit a Closure Form at your Geojit branch.

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