Sample Letter for Closure Deactivation of Demat Account

If you want to close your Demat account with your bank or any other company who are registered as Depository Participants, then you should visit their branch office or website to get the application form for closure of the Demat account and to submit it. They mostly accept closure requests through their prescribed application forms.

However, some companies may accept the closure requests in written application letters. The letter should contain all the required information and be signed. It is advisable that you carry a written letter for closure from your side too. While visiting the branch office, do carry your identity and address proof and any other documentary proof of the Demat account of yours.

Here is a format of letter that could be used as it mostly covers all such required points.

If more than one person holds the Demat account, then all persons should sign it at the bottom with their full name under the signature.

TEMPLATE

Date: .....................

To

(Name of the Stock Trading Company)

.................. Branch

(Branch address)

Sub.: Request for closure of my Demat and trading account

Dear Sir/Madam,

I/We am/are the sole holder / joint holders of the Demat account, details of which are given herein below.

i) DP ID: ......................

ii) Client ID: ..................

iii) Name of the First/Sole holder: ...................

iv) Name of the Second holder: ................

v) Communication Address: ................................

vi) Phone no.: .......................

I/We hereby kindly request you to close my/our above-mentioned account with immediate effect.

I/We confirm that there are no holdings/balances in this Demat account.

I/We confirm that we have already surrendered/destroyed all unutilized delivery instruction slips.

I/We am/are enclosing herewith self-attested copy(ies) of my/our PAN and Aadhar cards for verification purposes.

Kindly do the needful and oblige.

Thanking you,

Yours faithfully,

        (Signature)

(Name of the First/Sole Holder)

        (Signature)

(Name of the Second Holder)

Encl.: As above