Closing a demat account is a decision that requires careful consideration. Whether it is due to a change in your investment strategy, dissatisfaction with the services, or any other reason, Axis Bank understands your needs. Fortunately, Axis Bank has provided a simple and accessible process to close your demat account.
How to Close Axis Bank Demat Account
- Gathering Required Documents: Before initiating the account closure process, ensure you have the necessary documents on hand. These typically include your PAN card, a valid address proof, and an identity proof.
- Downloading the Application Form: Visit the official Axis Bank website and locate the demat account closure form. Download and print the form.
- Filling Out the Form: Carefully fill out the application form, providing accurate details about your demat account and personal information. Double-check the form for any errors before proceeding.
- Submission of the Application Form: Once you have completed the form, attach the required documents and submit it to your nearest Axis Bank branch. Ensure you have all necessary photocopies for your records.
- Contacting Customer Care: Alternatively, you can choose to initiate the account closure process by contacting Axis Bank’s customer care. Dial the provided customer care phone numbers and follow the instructions to close your demat account.
Axis Bank Demat Account Closing Form PDF
Axis Bank Demat Account Closer Form Download Click Here
Contact Details for Closing Demat Account
If you opt for the customer care route, you can reach out to Axis Bank’s customer care team at the following numbers:
- Phone Number: 022-40508080, 022-61480808
- Email: [email protected].
After Applying for Account Closure
After you have submitted the application form or contacted customer care, Axis Bank will initiate the account closure process. You will receive updates regarding the status of your account closure. Ensure that you settle any outstanding dues or transactions before initiating the closure.
FAQ
The account closure process typically takes around 7-10 business days from the submission of the application form.c
Axis Bank may charge a nominal account closure fee. It’s recommended to check the latest fee details on the bank’s official website or contact customer care.
As of now, Axis Bank doesn’t provide an online closure option. You can either submit the physical application form or contact customer care.
Your securities will remain safe and accessible. They will be transferred to your primary linked bank account or another demat account if specified.
No, once your Axis Bank demat account is closed, reactivation is not possible. You would need to open a new demat account if required.
Related Topics: