Master the Art of Deleting Your Zerodha Account

Introduction:

Zerodha, the leading discount broker in India, provides great services to its active clients. However, those who have not been active for a long time or wish to discontinue using the platform, can easily opt to close or delete their account. In this article, we will discuss all the information related to deleting Zerodha Account - its pre-requisites, methods, and timelines.

Account Closure vs. Account Deactivation:

Before understanding how to delete your Zerodha account, it is important to note the difference between account closure and account deactivation. Account closure means that all your trading and Demat accounts of Zerodha will be permanently deleted, whereas account deactivation means freezing your trading and Demat account temporarily. It is mandatory to clear all dues and securities before initiating the account closure process.

Pre-Requisites For Closing the Zerodha Account:

There should not be any dues or securities in your Zerodha Trading account at the time of its closure. In the case of account closure cum transfer, you must send both the account closure form and the CMR of the target Demat account to the Zerodha head office.

How to Delete Zerodha Account Online:

The first step to delete your Zerodha account online is to download the account closure form and fill it. Then, visit Digio to access your e-signature. Consequently, upload your filled-out form, and enter your Virtual ID. Finally, an OTP will be sent to your registered mobile number, affix your digital signature to the form, and submit the form by raising a ticket in Zerodha. The closure request shall be processed in 5-7 days.

How to Delete Zerodha Account Offline:

The process to delete your Zerodha account offline is straightforward. Simply login to your Zerodha account and select “close account”. Download and fill out the closure form, post or courier it to the Zerodha Bangalore Head Office. In the case of account closure cum transfer, send both the account closure form and the CMR of the target Demat account.

Conclusion:

Closing or deleting your Zerodha account is an easy process that can be either done online or offline. It is important to ensure that all dues and securities are cleared from your Zerodha trading account before initiating the account closure process. If there is a balance, initiate a fund transfer to the respective bank account. In case, you plan to open a Zerodha account in the future, ensure that you follow the required steps. For any further assistance, you can contact Zerodha support.