To deactivate or close Motilal Oswal Demat account:
- If you have shares or other securities in your demat account, you will need to sell or transfer them to another account.
- Fill out the DIS slip to transfer the securities to another demat account.
- Clear all the dues or pending charges against the Demat account.
- Download the Demat Account Closure Form from the website. Take out a print of the same.
- Fill in the details accurately and attest to the required documents. Ensure that all the information provided and supported documents are correct.
- Send the Application form in a physical copy to the office of Motilal Oswal.
- There should not be any negative balance in the Demat account when applying for account closure.
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