You can either send an email to dematclosures@hdfcbank.com from your registered email ID or download the application form and post the filled in HDFC Account Closure Form.
HDFC Securities Demat Account
HDFC is one of the leading banks in India and HDFC securities Demat account is well know for its free account opening, nil paperwork, competitive brokerage and free account maintenance for the first year.
How to close HDFC Securities Demat Account?
You can close your demat account both online and offline.
Online HDFC SecuritiesAccount Closure
You are required to send an e-mail from your registered email address to HDFC mail ID dematclosures@hdfcbank.com. It is important that you disclose your name, client ID, Demat account number, reason for closing your account, how to treat the funds held in your account and where to transfer your funds.
You are expected to receive an acknowledgment email, once they receive your email and a confirmation of closure email, once they have processed your application.
Online closure happens through your registered email id only. HDFC will only process your demat closure request if you send them all the relevant details via registered email id only. Other conditions for online closure are:
- You must be the sole owner of the demat account.
- Your account should not have any holdings or positions.
- There must not be any outstanding charges.
In case of issues, you may visit the nearest bank branch to resolve your issues.
HDFC Securities Offline Account Closure
You can download the HDFC Securities Account Closure Form .
You are expected to download this form and fill in the relevant details such as your account number, depository participant’s ID, client ID, name of all the account holders, registered address, registered phone number, reason for closing your account, how to treat the funds held in your account and where to transfer your funds.
You are required to send this filled up application form to the address mentioned in the form via post. It may take upto 10 business days for HDFC to process your closure request.
HDFC Demat account closure
Important things to bear in mind before submitting your HDFC Demat account closure form:
- To de-link trading account
- Surrender any unused Delivery Instruction slips
- Submit Delivery Instruction slips, in case assets are to be transferred to another account
- If the account is owned by a company, it is vital for you to submit the board of resolution that is signed along with the company’s stamp
Closing your HDFC Securities Demat Account
You will not be charged any account closing fee for closing your HDFC Demat account, unless you have any pending dues or negative balances. Every broker registers in an exchange. HDFC has its account in CDSL.
In case you are registered with NSDL, you can email at “customercare@hdfcsec” and get in touch with the support team.