Do you want to close your 5paisa Demat account? If yes, then you don’t need to submit an offline account closure request to delete your account. Here we will tell you the complete online process of how to close a 5paisa account permanently.
Before you proceed, transfer your money to your bank account if available on your 5paisa account and clear all charges (dues) for your account. Also, transfer or exit your holding (shares) before you proceed account closure request.
5Paisa Demat Account Closure Online
Step 1: Login to 5Paisa mobile application and tap on the “User” icon and then tap on your name to open your profile section as you can see in the below screenshot.
Step 2: In my profile, tap on the “MODIFY”
Step 3: In the modify section, tap on the “Demat Account Details” option. Here you can see the “Close my trading account & Demat account” option, just tap on this option to close your account.
Follow the next other remaining steps and complete your account closure request.
After submitting your account closure request online, your account will be closed within 72 hours. You will receive a mail to your registered email address regarding the account closure request.
Q.1: Can I close my 5paisa account online without submitting an offline form?
Ans: Yes, you can close your account online by login into the 5paisa application. Before you proceed clear all your dues, transfer the remaining money to your bank account, and exit or transfer your shares to another Demat account. Then you can close your account by following the above steps.
Q.2: Why is my account closing request rejected?
Ans: If any dues are pending, funds are available in your account or you have an existing holding in your account then your request will be rejected.