How to close the Zerodha account?
- The account cannot be closed if there is a negative balance.
- All positions must be squared off, and holdings must be sold or transferred to another account before closing the Zerodha account. To learn how to transfer shares, see What are the different ways to transfer shares from a Zerodha demat account to another demat account?
-
Clients can opt for the closure-cum-transfer. To learn how, see Standard Operating Procedure (SOP) for closure cum transfer
(PDF).
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).
- Download all the necessary reports, such as contract notes, ledger, and P&L statements, by visiting console.zerodha.com before closing the account, as these reports cannot be downloaded or accessed once the account is closed.
- Once the account is closed, the client cannot reopen the same account with the same user ID. Clients will have to open a new account. To open a new account, see How to open a Zerodha account online?
- 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.
The Zerodha account can be closed online and offline.
Online
Resident Indians, NRIs, and minors with Kite access can close their Zerodha accounts online via Console. To close an account, follow these steps:
- Login to console.zerodha.com.
- 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. To learn how to eSign, see How to eSign documents?
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
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,
680, Fortuna 1, 15th Cross Road,
8th Main Road, 2nd Phase, J. P. Nagar,
Bengaluru, Karnataka, 560078
Refer to the sample signed account closure form (PDF).
The Zerodha account will be closed within 3 working days, and an email notification will be sent to the registered email ID upon completion.
Did you know?
- The account can be temporarily deactivated to take a break from trading. See What is Kill Switch?
- If the account is being closed due to employee trading restrictions by an employer, see How can Zerodha be empanelled as a registered broker with a 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.
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