In Short : Looking to close your 5 paisa demat account? Here’s how: Visit NSDL’s website, submit VID/Aadhar, and verify OTP for online closure. Alternatively, download the form from 5 paisa’s website, fill it accurately, and mail it to the company for closure. You can also email support@5paisa.com with your closure request. Ensure accuracy and completeness. Once processed, your 5 paisa demat account will be successfully closed, giving you control over your investment decisions.

If you are looking to optimize your 5 paisa demat account or grow your investment portfolio, or if you are trying to find a new brokerage platform, then this article is for you. This article provides all the information related to your 5 paisa online demat account in easy to understand language, which will help you understand it better.

Steps to be followed before closing account

• ledger balance should be nill

• check your all holding stocks in account

• redeem all previous holded funds check your all holding stocks in account.
• close all open trade position

Steps to delete 5 paisa demat account using the app

Step-01: Open 5 paisa app on your mobile phone.
Step-02: Open your 5 paisa app home page and click on the account logo on the top right side of the home page.
Step-03: Click on your name in Account Information Settings
Step-04: Click on modify option on the profile page.
Step-05: After that find Close my trading and demat account at the bottom of the user information page and then click on it.
Step-06: click Continue and click on E-Sign Now option and then mark all the terms of service boxes and then submit.

After submission, you will be redirected to the official website of NSDL where you need to tick mark all the terms and conditions and submit your VID/Aadhar number. You will then need to complete the OTP verification process on the mobile number linked to your Aadhar card. After that, you will see a popup message on the screen indicating that the submission was successful. Within the next 7 days, your 5 paisa demat account will be closed, and you will be notified of this via email or message on your registered mobile number by the 5 paisa company.

Close 5 paisa demat account by sending close request form

Another way to close your 5 paisa account is to send a letter to 5 paisa. You can download the application form, fill it correctly and mention the correct address. Then, mail the form to the 5 Paisa company. After a few days of processing, you will receive a notification from 5 Paisa via email or message confirming the closure of your account. If you need more help then contact 5 paisa customer center at +91 89766 89766. I will recommend you to delete 5paisa Demat account Permanently through this method.

Delete 5 paisa by sending email

If you prefer, you can also close your 5 paisa demat account by sending an email to support@5paisa.com, which is linked with your 5 paisa app. In the email, you need to provide the reason for closing your 5 paisa demat. account along with all the necessary details filled out correctly. Your request will be accepted within 7 days of submission.

conclusion

In this article, we have shared some steps and suggestions for closing a 5 paisa demat account, which will help you in the process. If you believe there could be another method to close the account, feel free to comment below. In the next article, we will definitely incorporate your suggestions.