How long does it take to close a Demat account?

Typically 7-10 business days after submitting the request.

Can I close my Demat account online?

Yes, if your DP supports online closure via e-signature.

No, Demat account closure is free, but pending dues must be cleared.

You will be charged annual maintenance fees (AMC) even if unused.

No, a new account must be opened with fresh KYC.

You must sell or transfer securities before closing the account.

You will receive a confirmation email/SMS from your DP.

No, all dues must be cleared before closure.

Only if the broker does not support online closure.

Yes, trading and Demat accounts can be closed separately.