Steps for closing SBI securities account:
- Download the SBI Demat & Trading Account Closure Request Form
- Fill in all the details and sign it.
- Attach the unused Delivery instruction slips, if any.
- Courier it to the address provided in the form along with the requested documents or physically submit it to a nearby SBI branch.
Points to note:
- Ensure you do not have any negative balance in your trading account.
- Ensure there are no shares in your Demat account.
- In case of holdings in the account, submit a DIS, sealed, and stamped DP client master of target DP along with the closure form to transfer the shares to another Demat account.
- For a joint account, all the holders need to sign the closure form.
