Finance Guru Speaks: This article will provide you Kotak Securities Account Closure Form for Individual-Residents to close the Trading/Demat Account.
You have to fill this Account Closure Form and submit to the Kotak Securities branch when you want to close your Demat or Trading Account. You can also use this Form to transfer your DP Account from Kotak Securities to another DP Participant.
Example- To Close & Transfer your all the Kotak Securities holding Shares to ICICI Direct or Zerodha, etc.
Important instructions shared by Kotak Securities -
1. Please surrender all unutilized Instruction Slips along with this Closure Request.
2. Account will be closed, subject to NO HOLDINGS and SIGNATURE VERIFICATION as on records.
3. In case of joint holders, all holders must sign.
4. Please clear the DP dues if any.
5. In case of any Mutual Fund holdings at the time of closure, you may either redeem the same or get it transferred (Note: The ARN shall be changed from Kotak Securities Limited (KSL) to the target distributor’s ARN, as specified by you or to the offline ARN of KSL if no ARN is mentioned by you on conversion request)
6. In case of closure cum transfer case, the BO should submit duly certified (signed and stamped) Client Master Report (CMR) obtained from the target Participant.
7. Please note that once your trading/demat account is closed, all active and running SIP’s sourced through our portal/any online mode will be deemed to be cancelled with immediate effect.
8. Your request will be processed within a tentative period of 10 working days from the date of receipt of complete documents.
Also Read:
Images Courtesy: Kotak Securities Website
Example- To Close & Transfer your all the Kotak Securities holding Shares to ICICI Direct or Zerodha, etc.
Important instructions shared by Kotak Securities -
1. Please surrender all unutilized Instruction Slips along with this Closure Request.
2. Account will be closed, subject to NO HOLDINGS and SIGNATURE VERIFICATION as on records.
3. In case of joint holders, all holders must sign.
4. Please clear the DP dues if any.
5. In case of any Mutual Fund holdings at the time of closure, you may either redeem the same or get it transferred (Note: The ARN shall be changed from Kotak Securities Limited (KSL) to the target distributor’s ARN, as specified by you or to the offline ARN of KSL if no ARN is mentioned by you on conversion request)
6. In case of closure cum transfer case, the BO should submit duly certified (signed and stamped) Client Master Report (CMR) obtained from the target Participant.
7. Please note that once your trading/demat account is closed, all active and running SIP’s sourced through our portal/any online mode will be deemed to be cancelled with immediate effect.
8. Your request will be processed within a tentative period of 10 working days from the date of receipt of complete documents.
Also Read:
Images Courtesy: Kotak Securities Website
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