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Notes Transfer charges will be waived if account/s of transferee DP and transferor Pair the same, i.e., identical in all respects. To avail of the waiver, a Client Master List (CML) for the target

How to fill out dematclosure form

1. Start by obtaining a dematclosure form from your Depository Participant (DP), which is usually the same entity that helped you open your demat account. The form may also be available on the DP's website for download.
2. Carefully read the instructions provided on the dematclosure form. It is important to understand the requirements and procedures involved in order to correctly fill out the form.
3. On the dematclosure form, provide your personal details such as your name, address, contact number, and email address. Ensure that all the information is accurate and up-to-date.
4. Next, specify your demat account details. This includes providing your demat account number, DP ID, and any other relevant information related to your demat account. It is crucial to double-check these details to avoid any mistakes.
5. Indicate the reason for dematclosure. This could be due to various reasons such as transferring the securities to another account, closing the account permanently, or any other valid reason. Select the appropriate option and provide additional information if required.
6. If you have any holdings or securities in your demat account, mention the details of these holdings. This includes the name of the security, quantity held, and any associated folio numbers or distinctive numbers.
7. Sign and date the dematclosure form in the designated areas. Ensure that your signature matches the signature provided during the account opening process and avoid any discrepancies.
8. Submit the completed form to your DP along with any supporting documents that may be required. These documents may vary based on the reason for dematclosure and the DP you are dealing with. Common supporting documents include a copy of your PAN card, ID proof, and address proof.

Who needs dematclosure form?

1. Individuals who wish to close their demat accounts permanently.
2. Individuals who want to transfer their securities from one demat account to another.
3. Individuals who need to consolidate multiple demat accounts into a single account.
4. Executors or legal heirs of deceased individuals who need to close the demat account and transfer the holdings as per the legal process.
5. In case of joint demat accounts, all the account holders may need to fill out the dematclosure form.

It is important to note that the process and requirements for filling out a dematclosure form may vary slightly depending on the DP and the specific circumstances. Therefore, it is advisable to consult with your DP or seek professional advice if you have any doubts or concerns while filling out the form.

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What is dematclosure form?

Dematclosure form is a document used to close a demat account with a Depository Participant.

Who is required to file dematclosure form?

Any individual or entity who wishes to close their demat account is required to file a dematclosure form.

How to fill out dematclosure form?

Dematclosure form can be filled out by providing personal details, demat account information, reason for closure, and signature.

What is the purpose of dematclosure form?

The purpose of dematclosure form is to formally request the closure of a demat account and settle any outstanding dues.

What information must be reported on dematclosure form?

The dematclosure form must include personal details, demat account number, reason for closure, and signature.