The process to close the 5paisa account is very simple. let's take this with 3 scenarios:
- 1. If you don’t have any fund and holdings in your DP – You can submit account closer form available on the download section. You need to print this form, sign by all holders and submit/ courier to 5paisa team.
- Once your signed account closure form received by 5paisa team, they will take appropriate action to close your trading and demat account.
- 2. If you hold some shares and want to shift to another broker, then you need to provide your new DP account details so your holdings can be transferred to your new DP account.
- The form is same, the only thing you need to provide is latest Client Master List (CML) duly stamped & signed by the official of the new DP. You can get this from your new broker and share the same with account closure form.
- 3. If the account opened on the name of proprietorship, partnership, HUF, Corporate or trusts – Stamp of the respective entity has to be affixed along with the signature.
5pasia don't have online account closure process, to close your demat account you need to send application to 5pasia.
Steps to close 5paisa demat account.
- 1. Downlaod the account closure application online.
- 2. Fill the form and sign on offered points.
- 3. Attach Signed copy of PAN Card.
- 4. Courier the form to given address in form.
- 5. After receing form wait for 15 days, you will get account closure email.
In case you have not received any confirmation from 5paisa support team after 15 days, please contact support team.
Similar Questions
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