kotak securities account closure form

kotak securities account closure form 

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kotak securities account closure form individual

If you no longer invest in shares or have opened multiple Demat accounts, it’s better to close the inactive ones. This helps you avoid annual maintenance charges (AMC) and maintain a clean financial record. Closing a Demat account is simple, whether your account is with NSDL (like HDFC, ICICI) or CDSL (like Zerodha, Angel One, Upstox).

Types of kotak securities account closure online

There are two types:

Full Account Closure
→ When you completely close the Demat account after transferring/removing all shares.

Partial Account Closure
→ When you shift to another DP (Depository Participant) and close only one account.

Steps to how to fill account closure form kotak securities

Clear Holdings

Make sure there are:
No shares left
No pending payments or charges
No active open positions (in trading-linked accounts)

If shares exist, transfer them using the DIS slip / e-DIS process.

Download & Fill Demat Account Closure Form

You can get the closure form from:
✔ Your broker’s website
✔ Nearest branch office

Fill all required details:

Demat account number (16-digit)
Reason for closure
Client ID & DP ID

Personal details

Attach Required Documents

Documents needed:

Self-attested PAN Card copy
Latest Demat statement

ID proof / Address proof if asked

If it's a joint account:
➡ All holders must sign the form

Submit the Form

You can submit:
By visiting the broker’s branch
Courier to official registered address

Account Gets Closed Within 7–10 Days

You will receive:
Confirmation email
Final statement showing account closure status

Important Things to Remember

You cannot close a Demat account online with many brokers (some now offer online closure).
Dues must be cleared — AMC charges may apply till closure request.
Check for any negative balance before applying.

Keep closure acknowledgment for your record.

Broker-Specific Closure Guide (Quick Links)

Broker	Closure Type	Process
Zerodha	Online + Offline	Through Console or courier
Upstox	Online	Profile → Account → Close
Angel One	Offline	Submit form to branch
ICICI Direct	Offline	Visit branch or courier
HDFC Securities	Offline	Visit branch

Final Tip

If you want to keep trading but reduce charges, transfer shares to your preferred Demat account instead of maintaining multiple accounts.