Can an account be closed if I have holding/stock at 5Paisa?

Can an account be closed if I have holding/stock at 5Paisa?

We understand there might be times when you need to close your investment account. At 5paisa, we want to make this process as convenient as possible for you. To ensure a smooth closure, your 5paisa account needs to have a zero balance for at least one business day. This means:

1. Settling Any Ledger Balance: Clear any outstanding debits or credits in your account (bring it to ₹0.00).

2. Managing Your Holdings: You'll need to either sell your existing stocks or transfer them to another Demat account. 

3. Redeeming Mutual Funds: If you have mutual fund holdings, redeem them before closure.

4. Closing Open Positions: Square off any open trade positions to avoid holding any assets.

Once you've completed these steps, you can proceed with the account closure process through our user-friendly app or website. For more information, read our helpful guide that will help you through each step: [link to 5paisa account closure guide]. 

If you plan to continue investing elsewhere, transferring your holdings to another Demat account might be a better option than selling them. 5Paisa  can help you initiate the transfer process if needed. If you have any questions or need assistance with the closure process, don't hesitate to contact our customer support team.