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Account Closure in Zerodha
Zerodha offers to close the account online using e-Sign as well as offline using paper forms. Zerodha takes about 5-7 working days to process the account closure request.
Steps for Zerodha account closure online
- Visit Zerodha website.
- Click on the Downloads & Resources link under the Support Section at the footer of the website.
- Download Account deactivation/closure form available under Change request forms in Application forms.
- Fill the form digitally with the below details:
- Tick the account to be closed - Trading/Demat or Commodity.
- Trading Client ID.
- Demat BO ID.
- Names and address of primary account holder.
- Mention the reason for the closure.
- E-sign the form using Digio.
- Create a ticket for account closure and submit the account closure form.
Steps to close the Zerodha account offline.
- Download the Zerodha account closure form.
- Print and fill in the details in the form viz. name, address, trading ID, Demat ID, and reason for the closure.
- Sign the form.
- Courier the closure form to Zerodha Head Office.
Note:
- Clear all the outstanding dues. There should be no negative balance in your Zerodha account.
- There should be no securities in your Zerodha Demat account.
- Transfer or sell the securities as desired.
- Close all the open F&O positions.
You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free) or through another broker (which may charge commissions). Vanguard ETF Shares are not redeemable directly with the issuing fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.
All investing is subject to risk, including the possible loss of the money you invest.
A separate commission is charged for each security bought or sold. Orders that execute over multiple days are charged separate commissions. In addition, a separate commission is charged for each order placed for the same security on the same side of the market (buying or selling) on the same day. Orders that are changed by the client and executed in multiple trades on the same day are charged separate commissions. These commission and fee schedules are subject to change.
| Common stock | Buy a share of ownership in a public corporation. As a shareholder, you may receive quarterly dividends, which are one way for a company to share its profits. Shares may also appreciate in value, enabling shareholders to realize a profit when those shares are sold. |
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| Depository receipt | Invest internationally with this transferable security that is traded on a U.S. stock exchange but represents a security issued by a publicly listed foreign company. |
| Unit trust fund | Buy a piece of ownership in a pooled investment, limited partnership, or master limited partnership interest. A large number of unit trust funds operate in the commodities, natural resources, real estate, and financial services industries. |
| Real estate investment trust (REIT) | These securities invest in real estate by either purchasing properties directly or holding mortgages. A REIT is required to invest at least 75% of its total assets in real estate and distribute 90% of its taxable income to investors. Types of REIT investments may be available in the following security types:
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| Preferred securities | Invest in these securities and experience the characteristics of both stocks and bonds. Dividends paid to preferred shareholders usually have a higher priority within the issuing company's capital structure than those of common stockholders. So if a company were forced to reduce or suspend dividend payments, common stock dividends would be impacted before preferred dividends. |
