Online Account Closure

Client can close his/her Demat & Trading account online wherein Ledger Balance & Holdings are Nil. An Individual who can eSign (Aadhar based) can initiate the closure request.

Account Closure is irreversible and Demat and Trading account accounts will be Closed Permenantly.

Setps of Online Account Closure

  • Enter your Trading Account Number, you will be asked for an OTP on registered Mobile number with Finwave.
  • Your Demat Details, Name, Address and other details will be available on successful verification of OTP.
  • Need to verify that Holdings & Ledger balances are Nil for account to be closed.
  • Select reason for Closure of account
  • Once our team verify your request, you will receive link on your registered email for Account Closure.
  • Link needs to be eSign (Aadhar based) to complete the closure request.

Attention Investors:

"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.......... Issued in the interest of investors". "Prevent Unauthorized Transactions in your Demat account --> Update your Mobile Number with us. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account directly from CDSL on the same day.......... Issued in the interest of investors". "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary." "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." "Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020." "Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge." " Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month."