Demat Account Closing Letter  

Here are the steps to follow when closing a demat account:

1. Contact your Depository Participant (DP): The first step in closing your demat account is to contact your DP and inform them of your intention to close your account. You can do this either by visiting your DP’s office in person or by contacting them via email or phone.
2. Obtain the necessary account closure form: Your DP will provide you with an account closure form that you must fill out and submit to initiate the process. Make sure you fill out the form accurately and completely.
3. Clear all outstanding dues: Before you close your demat account, make sure that you clear all outstanding dues and fees associated with the account. This includes any unpaid annual maintenance charges (AMC) and transaction fees.
4. Return unused Delivery Instruction Slips (DIS): If you have any unused DIS, return them to your DP when you submit your account closure form.
5. Transfer your securities: You must transfer all the securities held in your demat account to your linked bank account or request a physical certificate. You must provide your DP with the necessary details to facilitate this transfer.
6. Receive account closure confirmation: After completing all the necessary steps, your DP will initiate the account closure process. You will receive a confirmation of the closure, including details of the securities transferred and the transfer method.
7. Keep records of the account closure: Keep records of all communication with your DP regarding the process. This includes emails, letters, and receipts for any fees paid.
   
   To close a demat account, you must write a letter to your Depository Participant (DP). Here is a sample letter that you can use as a reference to write your own:

TEMPLATE

[Your Name]
[Your Address]
[City, State, ZIP Code]
[Date]

[DP Name]
[DP Address]
[City, State, ZIP Code]

Subject: Request to Close Demat Account No. [Your Demat Account Number]

Dear Sir/Madam,

I am writing to request the closure of my demat account with your company, bearing account number [Your Demat Account Number]. Please find below the details of my account:

Account Holder Name: [Your Name] Account Number: [Your Demat Account Number] DP Name: [DP Name] DP ID: [DP ID]

I want to inform you that I no longer require the services of this account and request you initiate the account closure process. Please note that there are no outstanding balances or securities in the account.

Per your guidelines, I have completed all necessary formalities, including returning unused delivery instruction slips (DIS) and completing all documentation for the account closure process. Please process my request as soon as possible and confirm the closure and transfer of securities, including details of the securities transferred and the transfer method.

Please let me know if there are any further steps I need to take to expedite the process.

Thank you for your prompt attention to this matter.

Sincerely,

[Your Signature]

[Your Name]