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You can choose either the online or the offline mode to close your account with Shriram Insight.
First, download the form by clicking on the link below. For closing of only Trading Account, account holder has to sign. For closing of Trading & Demat Account, only individual client accounts with single holder has to e-sign for online & sign for offline mode. |
Step 1 Download application form |
Step 2 Upload application form |
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Online Mode To close your account online, printout the (Account Closure Form). After filling up the form and duly e-sign the closure pdf form. Submit the form in Step 2. Offline Mode To close your account in the offline mode, print out the Account Closure Form. After filling up the form and signing it, send the account closure form to our head office. |
Things To Remember |
Your request for account closure will be entertained only after all your dues are cleared . So please ensure that you don’t have a negative account balance before you submit your Account Closure Form.
There should not be any securities in your Demat Account at the time of account closure. You can sell your holdings and withdraw funds before closing your account. You may also transfer your shares to another Demat account, provided that the recipient Demat account has an identical account holder structure as your existing Demat account. This means that the First Holder, as well as other holders, must be the same in both accounts.
For closure-cum-transfer, you must submit the Client Master Report (CMR) of the recipient Demat account along with the signed hard copy of the Account Closure Form. Client Master Report (CMR) from the new DP ( for both depository NSDL & CDSL) stamped and signed in case of physical copy or digitally signed in case of electronic copy by an official of the DP.
On receipt of closure request from client, client shall not permit any further requests for execution of trades. Trading account can be closed only if the client do not have any open position and there are no pending arbitration / legal matters / orders prohibiting the release of the client funds & securities at the time of account closure request. Client needs to ensure that there are no securities / commodities available in the trading member's demat account at the time of account closure request. Dormant account will be closed only after submission of requisite documents. |