How To Close SBI Demat Account: Download Form PDF

How To Close SBI Demat Account: Changes are normal in all kinds of investment and banking accounts. Closing an SBI Demat Account may be necessary for a number of reasons. There are a mainly two ways to make the process of closing your SBI Demat Account easier. Here is a guide to make your work easier :

Steps,How To Close SBI Demat Account:

Method 1

Download the SBI Demat account closer form, fill it properly and send it to the address mention on form and your demat account will be close after all criteria verification.

Method 2

1. Gather Essential Information: Collect all necessary documents related to your Demat account, including the account number, registered mobile number, and the associated ID proofs.
2. Visit the Nearest SBI Branch: Go to the nearest SBI branch where you opened your Demat account. Ensure to carry all the required documents and ID proofs for verification.
3. Fill Closure Form: Request an account closure form from the branch officials. Fill it out accurately, providing all necessary details such as account number, reason for closure, and personal information and also a Remat request form if any securities are still in account to transfer in other Demat account.
4. Submit Necessary Documents: Hand over the filled closure form along with a photocopy of your identity proof and address proof to the concerned bank official.
5. Settle Outstanding Dues: Ensure there are no pending dues, such as fees or charges, associated with your Demat account. Clear any outstanding amounts before initiating the closure.
6. Signatures and Acknowledgments: Sign the necessary sections of the closure form and acknowledge the closure request as per the bank’s instructions.
7. Confirmation and Acknowledgment: After submitting the closure request, the bank will process it and provide an acknowledgment receipt. Keep this receipt for future correspondent.
8. Account Closure Confirmation: SBI will review the closure request and close the Demat account within a specified timeline. You might receive a confirmation message or email once the closure is completed.
9. Verify Closure Status: To ensure successful closure, periodically check the status of your Demat account. You can contact the bank or check online if available.
10. Destroy Unused Documents: Once the closure is confirmed, destroy any unused documents related to the Demat account to secure your information.

Documents required to Close SBI Demat Account

• Closure Form
• Identity Proof
• Remat Request Form

Important Points to Remember:

• Clear all dues: Ensure there are no pending dues or securities in the account before initiating the closure process.
• Check for linked accounts: Verify if any other accounts or services are linked to the Demat account and address those connections before closure.
• Take Closure Acknowledgment: Upon successful closure, take an acknowledgment or closure confirmation from the bank for future reference.

Conclusion:

Following certain steps is necessary while closing an SBI Demat Account, whether they are completed offline or online. To successfully close the account, make sure all bank requirements are met and that the closure procedure is understood.

To avoid complications and simplify the closing process, feel free to contact SBI customer care or stop by a branch near you with any questions.

Following the bank’s instructions and giving close attention to detail are necessary when closing a Demat account. To ensure an easy closure to your SBI Demat Account, carefully follow these instructions.

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SBI Demat Account Customer Care Number	022 6854 5555

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