Sage-Tips

Can I close my Demat account online?

Note that a demat account cannot be closed online alone, just by making an online request for account closure via email. You have to submit an application in person, which includes providing a hard copy of the necessary paperwork. However, by downloading the closure form online, you can certainly ease the process.

How can I withdraw my HDFC Demat account?

Login to the trading account linked to your Demat account. Go to the ‘funds’ or ‘accounts’ section and click on it. You will be presented with two options- add funds or withdraw funds. To initiate transfer of money from Demat account to bank account, click ‘withdraw funds’.

What is the minimum balance in HDFC Demat account?

Note that a Demat Account does not require any ‘minimum balance’ of shares or financial securities to be held in it. Also, you can hold more than one Demat Accounts linked to a single PAN.

Can I close only Demat account?

If the Trading account is active, Demat account can be closed only if: The Demat account is a standalone Demat account or. The Demat account is mapped as an addition with the clients Trading account or. If the Demat account to be closed is mapped as default with your trading account we cannot close the same.

How do I square off holdings in HDFC Securities?

Squaring off margin orders at the end of the day Between 2.45 p.m. and 3.00 p.m., you can only: Square off your margin position from the Margin Book (My Trading Account -> Books -> Margin Book) Convert your margin positions to delivery (explained above) from the Trade Book (My Trading Account -> Books -> Trade Book)

How do I close my HDFC trading account Quora?

Visit to nearest HDFC securities office and get close by filling form and submit it. 2. Write a simple mail as per screen shot below and there should not be any holdings in demat account the time you will mail them. Your account will get closed in five working days.