You can close your Groww Demat account by submitting an offline closure request to the broker. A signed paper form for account closure is to be sent to the broker to close the account. The account cannot be closed online.
Steps to close Groww Demat account
- Download "Groww Account Closure Form" available on the Groww website.
- Fill in all the required details like Client ID, Name, and address of the account holder and reason for the closure.
- Tick on Closure for Demat and sign the form.
- Send the duly filled form to the address mentioned on the form.
Points to Note:
- Groww takes 10-15 business days to close the Demat account after the closure form is received by the company.
- There should be no holdings in the account. Transfer or sell your holdings before submitting the Demat account closure request
- No trades should be executed from your account after the closure request is initiated.
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