Digitalization has had such an influence on all of us that we now prefer the simple online procedure over the conventional offline technique for everything. Do you intend to cancel your Upstox account online? Let’s find out the process.
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How to Close Upstox Account Online?
Accounts with Upstox can be closed by filling out an account closure request form. On the upstox platform, you can get an unfilled PFD form for cancelling the account. It’s important to note that you can’t close your Upstox account online or by calling or chatting with customer service.
Unfortunately, it’s an offline procedure that requires you to sign a hard copy and submit it to the Upstox branch or head office.
Things to keep in mind to close Upstox Account
- Your Upstox account should not have a negative balance. This implies you must pay up any outstanding debts before submitting the closure form.
- Make sure you don’t leave any money in your account. Create a money transfers request to remit any remaining monies to your bank account.
- Close all F&O positions that are available.
- In your Demat account, there should be no assets. If there are any, simply sell them and withdraw the money.
- Give the relevant depository participant ID and Client ID, as well as the DIS, if you desire to transfer your assets to another Demat account (deliver instruction slip).
Process of Closing Upstox Account
- Login to Upstox website.
- Go to Help or Support on the main menu >> Download forms.
- Click on Account Modification Forms Tab.
- Take out the Demat Account Closure form.
- Take a print out copy.
- Fill it properly & Sign it.
- Mail it to the address shown at the beginning of the form for the Correspondence Office.
Unable to Find Upstox Closure account form & Address?
You can simple click on below links to Download the Upstox account Closure form
Upstox Account Closure Form Sending Address
RKSV Securities India Private Limited,
Salasar Business Park, Off 150 Feet Flyover Road,
Bhayander West, Thane, Maharashtra 401101
Tel : 022 4179 2991
Time period to close the Upstox account
Upstox trading may be fantastic for some people and disappointing for others. It all comes down to personal experiences. You can cancel your Upstox account at any moment. All you have to do now is make a decision.
Closing an Upstox account is simple if you follow the guidelines carefully. Verification and processing of your request generally takes 15–30 working days at the company.
Charges to close the Upstox account
There are no charges if you are closing it in the first year. However, Annual maintenance charges will be applicable after completion of 1 year.
If you never traded from an Upstox account then your account will be automatically frozen after 1 year. So check this before applying for the closure of the account.
While if you only opened an account for refer & earn. Just simply close it after 1 or 2 months. You need not to pay any charges for that.
Other Better Options
However, If you are disappointed with an upstox account & looking for a better company with better technology & experience you can try Zerodha.
They are number 1 in Discount brokerage. Their rates & brokerage is less in comparison to Upstox .
Conclusion
There are multiple reasons due to which you are willing to close the account with upstox. However, There are some advantages & some disadvantages of every trading platform.
This is all from our side regarding How to Close Upstox Account Online. However, if you have any doubts about upstox close account you can just comment below.
Other Interesting blogs related to How to Close Upstox Account Online.
FAQ About how to deactivate upstox account?
upstox account closing charges?
upstox account closing charges are Zero if you close it within the first year.
How to close Upstox account through online?
There is no option to Upstox account through online. You need to download the form & Summit it offline to close the account.
Can I close Upstox account online?
There is no option to close Upstox account online. You need to download the form & Summit it offline to close the account.
Upstox account closing process online?
There is no available process in Upstox account for closing online. You need to download the form & Summit it offline to close the account.
How to close my Upstox demat account online?
No, You cannot close your Upstox demat account online. You need to download the form from Upstox website & Summit it offline to close the account.
