Types of Demat Account Closures
Transfer and Account Closure
This is when you have pending securities on the account that need to be transferred to another account.
Direct Account Closure
This is a direct account closure procedure picked when the Demat account is inactive and has no pending holdings or transactions.
Step-by-Step Account Closure Process
Follow these simple steps to close your account online
Complete Process Guide
- Click on Modify an Account & Enter your Client Code
- Click on Account closure
- Click on Get OTP
- Enter the OTP sent on your Mobile to Verify Mobile Number
- Enter the OTP sent on your E-mail to Verify E-mail
- Click on the Closure Tab
- Upload signature on plain white paper
- Upload digitally signed PDF client master copy (CMR)
- Enter the reason for closure
- Click on "Submit and Proceed with Closure" Button
- Click on "Continue for Digital Signature" Button
- Click on Disclaimer provided on the E-sign Page
- Enter the Aadhar Number
- Click on "Send OTP" Button
- Enter the OTP received from Aadhar on your mobile number
- Click on "Verify OTP"
- We will process the closure request within 5-7 business days to close the account.
Important Notes & Requirements
PLEASE NOTE:
- If the closure request is rejected, we will restore login access to back office and front office software.
- You will not be able to restore a closed account. You will have to OPEN NEW ACCOUNT and completing the signup process Once again.
- You may not be able close your account, (in case following circumstances) if there are securities and mutual fund balance lying in your Demat Account. -> You are required to transfer such securities & MF Balances in new demat account. If you don't wish that then You have to SELL/REMAT/RESTATEMENTISE the Securities and MF Units.
- If there is open position -> You have to close /Square off the position.
- If there is debit balance or outstanding dues -> You have to clear such debit or outstanding dues before closing the account.
- In case there is credit balance in your account, the same shall be transferred in your registered bank upon closure of your account.
- Please select reason for your account closure.
Need Assistance?
Our customer support team is here to help you with your account closure process.
Call Us
+91 20-41000600 / 700Email Us
info@pesb.co.in