Process of closing Demat account when de-listed shares are there?

POSTED BY Ankush Pol ON April 14, 2014 1:42 pm COMMENTS (2)

I have Demat(ICICI Direct) account which I am not using at all for last 2-3 years and paying annual charges 🙁  . In this account I had purchased penny stock which is de-listed now. Also using this account I had purchased IDFC infra bond in 2010.

Now I think I should close this DEMAT account and save money on annual charges at least. What is the process to take it further?

2 replies on this article “Process of closing Demat account when de-listed shares are there?”

  1. Ankush Pol says:

    Thanks Ashal…will update the process here once done.

  2. ashalanshu says:

    Dear Ankush, please open another demat account and transfer your holdings there. Once the ICICI demat account is empty, you may apply for closure of the account.

    Thanks

    Ashal

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