Need A Financial Product Forums Trading/Investments I want to know the process if closing demat account

This topic contains 1 reply, has 2 voices, and was last updated by  Chetan Shah 3 years, 2 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #48336

    Chetan Shah

    In 2009, I opened Demat account with ICICI Direct. IDFC infra bond purchased in 2009 and shares of Triveni Engineering purchased in 2011 are still in demat form. Since I am not using this account for last 2 years, I find the annual charges as sheer wastage of money. I wish to close this account. Please tell me the procedure for it.


    Amit Kamath

    If you are not interested in selling your bond and shares, then open another demat account, transfer your holdings from ICICI Direct to new account. Once this is done, you can request ICICI direct to close the account.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email :

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.