Closing your ICICI Direct demat account may seem like a daunting task, but with the right guidance, the process can be straightforward and hassle-free. In this article, we will provide you with easy instructions on how to close your demat account in ICICI.
Step 1: Download or Collect the Account Closure Form
To initiate the closure process, you can either download the ICICI Direct Account Closure form from their official website or visit the nearest ICICI Bank branch to request the form. You can also download ICICI Demat Closure form from <<HERE>>. Ensure that you have a physical copy of the form.
Download ICICI Demat Account Closure Form PDF
Step 2: Fill Out the Account Closure Form
Take the time to carefully fill out the account closure form. Make sure to provide accurate information to avoid any delays in the closure process. Additionally, gather the necessary documents required for closure, such as a copy of the ledger and any unused DP slips.
Step 3: Visit the Nearest ICICI Bank Branch
Once you have completed the account closure form and gathered the required documents, visit the nearest ICICI Bank branch. Approach the customer service desk and inform them about your intention to close your ICICI Direct demat account.
Step 4: Submit the Account Closure Form
Hand over the duly filled account closure form along with the necessary documents to the bank representative. They will verify the details and accept your closure request. Remember to keep a copy of the submitted form and documents for your records.
Step 5: Receive Account Closure Request Number
After submitting the form, you will receive an SMS on your registered mobile number containing a unique account closure request number. This number serves as a reference for tracking the status of your closure request.
Step 6: Wait for Account Closure Confirmation
Once you have submitted the ICICI demat closure request, it may take up to 2 working days for ICICI to process your request. During this time, the bank will review the provided information and complete the closure process. It could take up to 7 days to close the account. You will receive a confirmation SMS on your registered mobile number once the account is successfully closed.
Important Points to Note
- There are no charges associated with closing your ICICI Direct demat account.
- In case you face any difficulties or have additional questions, you can reach out to ICICI’s customer care service.
ICICI Customer Care Details
For any queries or assistance regarding the closure of your ICICI Direct demat account, you can contact ICICI Bank through the following channels:
- ICICI Customer Care Helpline: Dial the toll-free number 1800 200 3344 or 1800 102 3344.
- ICICI Bank Branch: You can also visit your nearest ICICI Bank branch and speak to a customer service representative in person.
The ICICI Direct demat account cannot be closed online. You would need to fill out a form and submit it to the company to get your demat account closed. There are no charges for closing the account. It could take up to 7 days to close the account.
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