How to Deactivate ICICI Demat Account Online in 2022? | Application Form

ICICI Demat Account

We have seen when we have to open an account with any brokerage firm we get numerous avenues. But when we want to close the same due to any issue we don’t get concrete information on the closure. Instead of providing this information this firm discreetly does not share this piece of information on their website. As a result, we as a customer run pillar to post to get this closed. Thereby, in this series, I will try to bring the information for Demat account closure for our Top Brokerage firm so that as a customer you don’t end up paying a huge maintenance fee though you’re not using it or not required that account anymore. Therefore, in today’s article, we will cover “How to deactivate ICICI Demat Account Online?”

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How to Deactivate ICICI Demat Account Online?

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If you’re looking to close your Demat account with ICICI Bank then you need to follow these simple steps

  1. You can drop email from your registered mail address on helpdesk@icicidirect.com
  2. Mail should contain your DP ID and Client ID in the Subject Line.
  3. Attach the scan copy of the duly filled enclosed form for account closure along with self attested copy of Pancard.
  4. All account holder should sign this form as per ICICI Bank Records.
  5. Ensure there is no holding in the demat account if any transfer it to other account. In addition, there should not be any outstanding charges to avoid rejection of the request.

Along with the Demat account, if you wish to close your trading account then fill this form as well and drop a mail on helpdesk@icicidirect.com with User ID associated with ICICI Direct.

But before you submit this form ensure you have transferred all your holding to other accounts or there are no holdings. You should have cleared all your dues. The charges for the transfer of securities on the closure of the account are the same as those for a normal transfer.

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Offline Process

In case you’re not fulfilling the above conditions then you visit near ICICI Direct Branch for the closure of the Demat & Trading account. The attached forms you need to fill in and get signed by other account holders. After that, submit at the helpdesk of ICICI Bank Demat Branch. Your account closure request will be processed in the next 3-4 working days.

Also, Read Today’s New IPO Listing – How to Choose Best IPO for Investment?

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