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How do I switch my DEMAT from ILFS to Zerodha?

To switch from IL&FS demat to Zerodha, download the IL&FS closure letter , print it out & fill it up. Refer to this article to know how to fill the IL&FS closure form. If you are an NRI, refer to this article. For HUFs refer to this article.

Along with this, download the Zerodha demat application form , print it out & fill it. You can send both the filled forms (IL&FS closure letter & Demat application) to:

Zerodha HO #153/154 4th Cross Dollars Colony,

Opp. Clarence Public School,

J.P Nagar 4th Phase, Bangalore - 560078

Once we receive the forms your Zerodha demat account will be open in 3-4 working days & your IL&FS demat account will be closed in 15 working days.

Note:

  1. You will have to clear the Annual maintenance charge dues with IL&FS for your Demat account to be closed. Click here to know how.  Your Annual Maintenance Charges (AMC) for your IL&FS Demat account, which had been charged at the beginning of the year, will be reversed on a pro-rata basis for the year.
  2. This transfer would be considered as a 'closure cum transfer', i.e. closing your account with IL&FS and transferring out your shares, for which there will be no charges. Please note that if you have a joint account you will need to write the name of the joint account holder & the joint holder has to sign wherever applicable.

Important- If you have an IL&FS demat account linked to your Zerodha trading account, you will not be able to see/sell holdings in the demat account.