1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Is it necessary to close brokerage accounts

Discussion in 'Brokers' started by farazzeya, Sep 29, 2017.

  1. farazzeya

    farazzeya Member

    Joined:
    Sep 25, 2017
    Messages:
    9
    Likes Received:
    5
    hi
    i have demat account in icici, zerodha, sharekhan, angel.. i use only zerodha and icici... is it necesaary to close rest i have mailed but they havent closed it

    Sent from my A1601 using DIY Technical Analysis mobile app
     
    farazzeya, Sep 29, 2017
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,671
    Likes Received:
    1,938
    It is a good practice and just emailing them isn't the process to close. If you don't close them, they may charge your account for demat charges every year and it may say as negative balance after sometime. They will then close only if you pay the charges.
     
    shabbir, Sep 29, 2017
    Share #2
    madhumailbox and bhat64 like this.