How to Close Zerodha Account Online Permanently
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Just lost interest on stock market and not using from last 1 and half years. So now want to close my Zerodha demat account.
Please help me out with the procedure of How to Close Zerodha Account Online Permanently ?
Also want to know what if i don’t use Zerodha account or nor close it?
Also want to learn is there any Zerodha Account deactivation charges ?
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Once your account is permanently closed, you will not be able to log in to your account and access any of your data. This is irreversible. Visit console.zerodha.com and download the necessary reports such as ledger, contract notes, P&L statements etc. And if you would like to trade with Zerodha again, you will have to open a new account.
Closing your account online
Visit console.zerodha.com/account/segment-activation
Click on Close account.
Select the reason for account closure and Click Continue.
eSign and click on Sign now.
Once you Accept the T&C, enter your Aadhaar number and click Send OTP.
Enter the OTP received on your Aadhaar linked mobile number and click Verify OTP.
Your account will then be closed within 72 working hours.
In case of rejection of an account closure request, you will receive an email with the reason for the rejection and next steps.
The broker never ever destroys your documents like PAN, Aadhar and Other Personal Info Permanently they just remove it temporarily so, that you can in future again reopen that account.
The only difference is at that time you need to send your document offline for KYC purposes.
I have 2 such experiences. One with Upstox another is with 5paisa.
Why the need of closing and reopening acc? That too with 2 diff brokers🤔 any specific purpose?
U can close online in app