What if I don't use my demat account for years?
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I opened my demat account with HDFC Securities three years ago and initially conducted one or two transactions. Since then, it has been inactive for the last 2.5 years as I have been using Zerodha as my primary account. Now, I want to close the HDFC demat account, but they have charged an annual fee and are requesting payment before the account can be closed. Should I pay the charges for the inactive account? If I leave the account as is, I understand that charges will continue to accumulate over time. However, I am concerned about whether this will impact my credit score or if they can recover these charges at some point.
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leave that alone, and forget about it.
they will keep charging annual fees again and again better close it AND COUPOUNDING INTEREST ON FEE's not paid
better close it quickly if you dont need it
How DEMAT will impact CIBIL? it will become dormant later after few years HDFC will send notification and close if they want. How much is the charge btw.
The cost comes to about 1800 rupees. Maintaining a single Demat account across all brokers has the benefit that Zerodha doesn't levy any charges up to 4 lakhs.
Find out about it and ask hdfc to waive charges or atleast lower them.
hmm thats only for bank accounts:) not for demat accounts:) demat accounts must come under SEBI i guess and there is no such rule under SEBI
so sadly not possible (as far as I know)
have to pay annual fee to close no other way in my opinion
it will go dormant / not active .. no impact on cibil
cibil has nothing to do with demat 
this is not credit lol:) its investment xDD
only they keep charging interest over interest in compounding way, better close it by paying for once this time AND QUICKLY CLOSE IT IF NOT NEEDED
Just ignore it. It will be closed after few years. Won't impact CIBIL.
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no credit impact afaik