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Demat Closure Form

1) This document is an application form to close a beneficiary demat account with Axis Bank. 2) It requests the closure of the specified demat account and provides options to transfer any balances/holdings to another account or reconvert mutual fund units. 3) It collects information on the reasons for closure, confirms delivery instruction slips have been surrendered or exhausted, and specifies how any outstanding dues will be paid.

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Hasan Pasha
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
191 views

Demat Closure Form

1) This document is an application form to close a beneficiary demat account with Axis Bank. 2) It requests the closure of the specified demat account and provides options to transfer any balances/holdings to another account or reconvert mutual fund units. 3) It collects information on the reasons for closure, confirms delivery instruction slips have been surrendered or exhausted, and specifies how any outstanding dues will be paid.

Uploaded by

Hasan Pasha
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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APPLICATION FOR CLOSING DEMAT ACCOUNT

(For Beneficiary Account only)

To,
Axis Bank Ltd.
Depository Services
Solaris, C Wing, 2nd Floor, Opp. L & T Gate No 6,
Saki Vihar Road, Powai, Mumbai 400 072.
[email protected]

Date:

I/We hereby request you to close my/our account with you as per following details:
DP ID:
1)

Client ID:

Please tick the applicable option(s)


Option A [There are no balances/holdings in this account]
Option B
[Transfer the
balances /
holdings in this
account as per
details given]

Transfer to my/our own


account
(Provide target account
details and enclose Client
Master Report of Target
Account)
Transfer to any other
account (submit duly filled
Delivery Instruction Slip
signed by all holders)

Target Account Details


NSDL

DP ID

CDSL

Client ID

Option C [Rematerialise/Reconvert (Submit duly filled Remat/Reconversion Request Form-for mutual fund units)]
2)

Reasons for closure of depository account (Please tick the reasons for closing the Demat Account)
Consolidation of Accounts
Unsatisfactory services

3)

Shifting to a new location where Axis Bank is not present


High Charges

Others (Please specify)

Confirmation for delivery instruction slips


I/We confirm to have surrendered all unutilized delivery instruction slips
I/We confirm to have exhausted / misplaced all delivery instruction slips

4)

Mode of payment for outstanding dues (if any)


Cash Payment
Please debit my Axis Bank SB A/c No.
for recovery of my pending dues against my demat account.
Signatures(s) (as per the Bank A/c)
Signature
(with seal of the branch)
(First/Sole Holder)

(Second Holder)

(Third Holder)

Name(s) (as per the Demat A/c)

Signatures(s) (as per the Demat A/c)

(Sole/First Holder)
(Second Holder)
(Third Holder)
Instructions: 1. Relevant portions to be filled in. 2. Please strike off as N.A. whatever is not applicable. To be submitted in duplicate.

Checklist
(To be filled in by Axis Bank Officials)
I confirm having checked all the below mentioned points for the Client ID:
Name of the beneficiary owner(s) match with the DP system.
Signature(s) of the beneficiary owner(s) match with the DP system.
Copy of PAN Card / Proof of Identity / Proof of Address collected for suspended Demat Account
(if applicable).
No holding exists in the Demat Account / in case of holding target Demat Account Details mentioned
on the Demat Account closure request.
All pending dues have been recovered by:Direct debit
Bank a/c no debited
Transaction ID

Date:

Cash Payment
Bank a/c no credited
Transaction ID

Signature
(with seal of the branch)

Name of the official


Employee Number
Sol ID

Date:

Date:

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