How to close my Zerodha account?

You can close your Zerodha account online or offline, depending on your account type. The closure process takes 2 working days once you submit your request.

Before closing your account

You must complete these requirements before closing your account:

Clear any negative balance in your account
Square off all positions and sell or transfer your holdings to another account
Delete all existing SIPs and mandates from your Zerodha account
Download all necessary reports (contract notes, ledger, and P&L statements) by visiting Console, as you cannot access these reports once your account closes

You cannot reopen the same account with the same user ID after closure. You will need to open a new account if you want to trade with Zerodha again. A new application for a trading and demat account with Zerodha can be denied if the account has been opened and closed multiple times using the same PAN without sufficient justification.

Closure-cum-transfer

You can opt for closure-cum-transfer with no additional charges. This process transfers your holdings to another demat account whilst closing your Zerodha account. Follow the Standard Operating Procedure (SOP) for closure cum transfer. Depositories mandate this, and it is applicable to all brokers. Refer to point numbers 10.6.1.1 and 10.6.2.1 in this CDSL operating instructions for depository participants (PDF).

Online closure

Resident Indians, NRIs, and minors with Kite access can close their Zerodha accounts online. To close your Zerodha account, follow these steps:

Login to Console.
Click on Account.
Click on Segments.
Click on Close account.
Select the reason and enter additional feedback.
Click on Continue.
Accept the terms and conditions and click on Proceed to eSign.
Click on Sign now.
Tick the checkbox to authorise NSDL.
Enter the Aadhaar number and click on Send OTP.
Enter the OTP and click on Verify OTP.

Joint account holders and minors without Kite access must create a ticket with the esigned account closure form (PDF) to close their Zerodha account. For joint accounts, all the account holders must sign the closure form. For minor accounts, the guardian must sign the closure form.

Clients who want to close only the commodity account, not the trading and demat account, must also create a ticket with the esigned account closure form (PDF).

Refer to the sample esigned joint account closure form (PDF), minor account closure form (PDF) and commodity account closure form (PDF).

Offline closure

Non-individual Zerodha accounts can only be closed offline. For corporate, One Person Company (OPC) and Limited Liability Partnership (LLP) account holders, the account closure form (PDF) must be signed by the authorised signatory as per the board resolution.

For partnership, trust and Association of Persons (AOP) account holders, the account closure form (PDF) must be signed by the authorised signatory as per the authority letter. For HUFs, Karta must sign the closure form.

The signed forms must be couriered to:

Zerodha Customer Support Centre
192A 4th Floor,
Kalyani Vista, 3rd Main Road,
JP Nagar 4th Phase,
Bengaluru, 560076

Refer to the sample signed account closure form (PDF).

The Zerodha account will be closed within 2 working days, and an email notification will be sent to the registered email ID upon completion.

Things to keep in mind

You can deactivate your account if you intend to stop trading temporarily and resume it later. This can be done using Kill Switch.
If you are closing your Zerodha account because of employer restrictions, you can request Zerodha to be empanelled as a registered broker with your company.
The account closure request may be rejected if clients have holdings that have undergone corporate actions like bonuses or splits. The account can only be closed once the shares from corporate actions are credited to the demat account.
The Annual Maintenance Charge (AMC) will not be charged to the account from the day the closure request is processed.

Still need help?

Create a ticket