Hii there! Are you here, looking for an easy way on how to close Zerodha account? So, we are presenting the different ways to close Zerodha account.
Types Of Accounts Of Zerodha:
If you want to open an account at Zerodha, then there are different options available for you to open an account.
Here are the various types of accounts.
1. Equity& Derivatives Trading Account – this type of account is opened with a trading member of a recognised stock exchange.
In a trading account, you transfer funds and then buy/sell stocks, futures and options. Zerodha offers online trading accounts.
With this type of account, you can trade stocks, future and options of stocks, indices and currencies. If you want to trade only in future and options or currencies is either intraday or positional, you can open an account with Zerodha.
2. Equity Demat Account – Demat account is the account where you keep stocks in electronic format.
To open this account, you have to sign the Demat form and a power of attorney.
Those traders who only trade in futures and options, they don’t need a demat account.
If you want to take delivery of stocks along with the trading in future and options or currencies, then you can open an account in this with Zerodha.
3. Commodity Trading Account – It is similar to the equity trading account. You will have to transfer funds into commodity trading account before trading commodity futures.
If you want to trade only in commodities, you can open an account with Zerodha.
Also read: How To Hack Whatsapp Account Ethical Hacking.
How To Close Zerodha Account?
If you don’t want to use your Zerodha account anymore and wants to close Zerodha account, then here we are going to tell you the steps to close Zerodha account.
Many of the users don’t know about how to close the Zerodha account.
Firstly, you should know that there is a difference between deactivating and close an account.
When you deactivate your account, then it is temporarily froze, you will be able to access it again if you want to use.
While when you close your account, then it is permanently deleted. If you close Zerodha account, then you will not be able to access it again. Your whole information will be deleted permanently.
If you are not using your Zerodha account and don’t want to use it anymore, then it’s better to close Zerodha account because an active Zerodha account consumes Zerodha annual maintenance charges, irrespective of the usage density.
If you want to take a break from the Zerodha account and want to use it again, you can deactivate your Zerodha account.
So, let’s begin with the process on how to close the Zerodha account. There are two ways to close Zerodha account – online and offline.
How To Close Zerodha Account Offline?
To close Zerodha account through the offline method, you have to simply download the account closure form from their website and fill all the required option. Then, after doing it courier it to their head office address.
How To Close Zerodha Account Online?
If you want to close Zerodha account online, then just you have to follow the given steps:
- Download the account closure form from the website and fill by editing it in MS-word.
- After filling the form login to the Digio website and upload the account closure form there.
- On that website, you will get the option to digitally sign your form through Aadhar Number.
- Then, download the form and submit it to Zerodha by raising a ticket at Zerodha support portal.
How To Deactivate Zerodha Account?
If you want to deactivate your Zerodha account, then also you can follow the above steps. But in the form instead of filing the option of close Zerodha account, you have to fill deactivate Zerodha account.
How To Reactivate Zerodha Account?
Suppose your want to reactivate your Zerodha account and resume the investment/trading again. Then you can perform it by sending a reactivation letter to the Zerodha head office address along with your basic KYC documents.
Points To Keep In Mind Before You Close Zerodha Account:
- No dues: If you want to close your Zerodha account, make sure that all dues are clear or there should be no negative dues. Before closing your account, you have to clear all your dues. The account close process will be completed only after your all dues are clear.
- No security: Before processing to close Zerodha account, you should make sure that there should be no securities left.
Conclusion:
So, you can follow any of the methods to close Zerodha account, either online or offline. You have to also remember the above-given points before you proceed to close Zerodha account.
Hope you got the steps easily and will be able to close Zerodha account.
