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The process to close the Motilal Oswal account is very simple. let's take this with 4 scenarios:
1. If you don’t have any fund and holdings in your DP – then 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 Motilal Oswal office.
Once your signed Motilal Oswal account closure form received by Motilal Oswal 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 the 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 Motilal Oswal Demat 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.
4. You can visit nearest MOSL branch office and sign account closure form and submit at the same time.
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Zerodha Trade@20
