How to close Finvasia Demat Account?

Finvasia is an Indian brokerage service providing trading and investing related services to its users across 180+ countries. Closing a Finvasia account is a fairly simple process which one can follow as per steps below.

Finvasia is an Indian brokerage firm, registered with the Securities and Exchange Board of India (SEBI) which provides equity-trading and investing-related services to its users and allows them to invest in assets such as stocks, mutual funds, Exchange Traded Funds (ETFs), as well as currencies and commodities. It also offers asset management, portfolio management and investment banking-related services to many countries worldwide including USA, Canada, UK and Greece.

The Finvasia account closure process is a simple and straightforward process. One needs to follow all the listed steps in order to ensure the proper closure of the Finvasia account:

1.** Contact Finvasia Customer Support:** The individual should contact Finvasia customer support through any of the various sources of communication offered by the company. An individual can contact Finvasia via the online chat service available on their website, over email or over the phone for assistance and support.

  1. Account Closure Form Request: After contacting the customer support team, the individual should ask for the PDF of the “Account Closure Form” from the support team. This account closure form should be filled in with all the necessary details and information.

  2. Withdraw Funds: All the funds in the brokerage account should be withdrawn to the linked bank account. The pending balance in the ledger should be cleared to nil and all the remaining funds should be cleared before time. This ensures a seamless account closure procedure as all the balances are settled.

  3. Send the Account Closure Form: After clearing the account balance and squaring off all the positions, the individual has to send the account closure form to the address of Finvasia Head Office through the post at Finvasia Centre, D 179, Industrial Area, Sector 74, Sahibzada Ajit Singh Nagar, Punjab 160055.

Conclusion :

Thus, after receiving the properly filled account closure request form, the request of the individual will be processed and will be confirmed over SMS or email. Hence, an individual can easily close a Finvasia account by following the above process step-by-step.

Make sure to drop your queries in the comments!