Many people opened their kotak securities demat account for trading, investing or for referring people in demat account by which the main aim of those people to earn money. But if someone wants to close their close kotak securities account then today we have come with two procedure in which you can close your demat account online and offline method. So read our post carefully, so that you did not get a mistake by doing this procedure.
How to Close Kotak Securities Account Online
- To demat account close online, open your Gmail account, then you have to compose an email to Kotak Securities customer care.
- Now in the email section you have to write the email in English that we have mentioned below.
- Foremost, you have to give the reason to close kotak securities account. In which you can use your own word, or you can use the below paragraph that we have written for requesting account closer of demat account.
For example – I want to close kotak securities account because I don’t have sufficient money to trade. So close my demat account as soon as possible.
- You can write like this, but you will have to write in English.
- After writing about paragraph, then you have to write your personal information of kotak demat account. Below we have also given the example by reading which you can easily write your personal information paragraph.
For example – client code : ZYT2H
client Id (DP ID) : 39871210
email id :
- To get your client code(DP ID) and client ID of Kotak Securities, first open the app, then click on the more option.
- Now there will be setting icon click on this then click on the profile settings option.
- After this you will get your all information of your Kotak Demat account including your client ID and code.
- After writing all this, you have to send your composed email to service.securities@kotak.com.
- Your compose email have to look like the below image.
- By doing this your kotak securities demat account close online request will be completed within 7 days.
Important instructions
- There will be no fees imposed by Kotak for the closure of the Demat account, But if you have any pending charges in your Demat account, then you have to pay those charges.
- After closure of Demat, you will not be able to log in to Kotak Securities. If you want to reopen Kotak Demat Account, you have to apply a new application for Kotak securities Demat account.
How to close kotak securities account offline
- To close kotak securities demat account offline, first download the kotak securities account closing form the below link.
- Now print kotak securities closing form by using a printer.
- After this you have to fill this form by giving your personal information of Kotak Demat account like client ID, Demat account number, name of the Demat account holder, current date and signature.
After filling the account closure form, then submit this form to your nearest Kotak securities branch. - After submitting your closer application, then branch will take around 7 days to completely closer your kotak securities Demat account.
Conclusion:
By following the steps outlined in this article, you can easily close your Kotak Securities demat account online or offline, but we prefer to close the Demat account online because it would take less time than offline procedure.
FAQ:
What is the estimated duration for the account closure process of kotak Securities demat account ?
It would take 7 working day to close Demat account.
Which things required to close the kotak Demat account?
You need Kotak Demat account client id & client code So that they will be able to locate your demat account.
Is it possible for me to close my Demat account even if there are pending charges?
No you have to clear your all pending charges to close Demat account.
Is it possible to reopen a closed Kotak Securities account?
Once account is closed you cannot reopen that account, but you can make new Kotak Securities account with your all valid proof.
Will I receive any confirmation once my account is closed?
Yes, when your account is closed you will be notified by the email.
What should I do if my account closure request is rejected?
Generally, account closure requests are rarely rejected, still if your request is rejected then solve the rejection reason given by them and then submit the request again.
Where I can download Kotak Securities account closure form?
You can download the kotak securities account close form by visiting on this link.
what is the kotak securities account closure charges?
There are no fees associated with the process of closing an account.
Hello, I’m Priyan, a passionate author at Mojolo. Specializing in crafting insightful how-to tutorials, I bring the vast world of online knowledge to your fingertips. With a keen eye for detail and a commitment to clarity, I transform complex topics into easy-to-understand guides, empowering readers to achieve their goals effortlessly.
