Demat Accounts

Account Closure

Back
Home>>Demat Accounts>>Account Closure

There are no holdings or outstanding DP charges in my Demat Account & I want to close it. What do I do?
In this case you can send an email by clicking on the link below to close your Demat account. Email should be sent from email ID registered in Demat account. 

I want to close my Demat Account. However, there are charges due in my account. What do I do? 
Visit the nearest Axis Bank Branch to submit the account closure form duly completed and signed by all account holder/s in original.
In case there is an outstanding amount due in your Demat account please pay the outstanding dues to process the closure request. 

I want to close my Demat Account. However, there are Security holdings in my Demat Account. What do I do?
Visit the nearest Axis Bank Branch to submit the Demat Account Closure form duly completed and signed by all account holder/s in original.
In case you are holding securities in your Demat account, please transfer the securities to another Demat account as NSDL system does not allow us to close the Demat account in case of available security balance. 
For transfer of shares, please note the following: 
a. If the target Demat account is identical with source demat account, submit a duly certified Client Master list generated from NSDL /CDSL system along with the closure request
b. If the securities are transferred to a third party Demat account, submit duly filled and signed delivery instruction slip to proceed with the closure of Demat account



Was this helpful ?


Type the text shown in the image (Captcha Code is not case sensitive)

In case your query is not resolved, please feel free to reach out to us.

BranchLocator

Click here