How to close my Upstox Demat Account in Online - Full Process Step By Step

How to close my Upstox Demat Account in Online

There are many article you will get, those who suggest you that you can't close Upstox demat account online. Means it possible only through offline. But at present Upstox account closure process can be done through online. So hello readers, I'm Debojit_Bir today share you the steps for Upstox Account Closure. Let's discuss it 👇.

Step 1 : Login to the Upstox app with your Upstox username (6 digit UCC) and password.

with Year of Birth

Step 2 : Please click on the Profile Icon in the Top left corner of the app.

Step 3 : Please click on your Name or My Account displayed on the top left

Step 4 : After clicking on the Name or My Account , it will redirect to the Account page. Here you need to scroll down to the Account Closure section.

You then needs to click on the close account button.

Step 5 : After clicking on close account, it will redirect to the confirmation page.

Step 6 : On the confirmation page, user needs to click on the link that’s generated if they want to proceed with the account closure and then they will be redirected to the closure page

Note 1 : If you decide not to proceed with the Account closure then you have to click on “keep my Upstox account” and it will redirect to the Account page.

Note 2 : You will also receive a closure link URL through a SMS & email on the registered Mobile number. The link would be valid for a period of 30 days.

After clicking on the closure link, please continue with the below steps

Step 7 : The Account Closure Request page will appear. 

• Please make sure you have zero holdings in your Demat account. You can either sell off your holdings or transfer them to a different Demat account.
• Any remaining funds will be credited to your primary linked Bank account.

Step 8 : You will need to select the reason for closure by selecting from the drop down menu.

Once you enter all the information then the “Close Account” button at the bottom will be activated. 

Note : If you select the reason to close the account as “Others” then you will have to enter the description to proceed further.

Step 9 : Click on Close Account. It will take 7 to 8 working days to close your Account after you submit the account closure request.

Note :

1. Selling Holdings : If you presently have holdings in your account, you'd need to sell them before requesting for account closure and details with steps on how to sell them will be mentioned in the account closure link you would receive via sms.
2. Clearing debit balance/pending dues : If you presently have pending dues/debit balance, you'd need to clear the dues before requesting for account closure and details with steps on how to do the same are mentioned in the account closure link you would receive via sms.
3. Mutual Fund holdings : If you have any mutual fund holdings in your account, you’d need to redeem them before proceeding with account closure.
4. Digi Gold Balance : If you have any Digital Gold holdings in your account, you’d need to sell them before proceeding with account closure.
5. Open Trade Position : If you have any open trade positions in your account, please clear/square off your open trade positions before proceeding with account closure.

Read Also : || WazirX Account Opening Full Process - Step By Step Guide ||

So this is the full online process to close Upstox demat account through online. You can also write email at support@upstox.com with subject that 'I want to close my demat account'. I hope, I was able to help you. Thank you 🙏.