If you are not satisfied with an upstox account then an upstox account closing online is very easy. You can close the upstox account both online and offline.
To close the account offline, first you have to download the upstox account closure form. But there will be no need to fill any form to close the account online.
But closing an upstox account is not that easy either. Till now you must be trying to close upstox demat account or learning to close an account. In this post you will learn completely about upstox account closing online.
If you have an upstox account and you feel that now you do not have to do any transaction in this account then first of all you have to learn “how to delete upstox account permanently online”. You can close your Upstox account with Online Apps. There are two Apps, one is old and second is new. The process of closing in both Apps is different.
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Necessary Task before closing Upstox Account Online
Before you want to delete upstox account online, you need to follow the below mentioned steps.
Step 1 – If you have holdings in your Upstox account then first you have to sell your holdings. Because until your account is not cleared, you cannot close it.
Step 2 – In step number 2, you have to complete the clearance of your account. Before filling the upstox demat account closure form, if there is any debit or due balance on your account, then it has to be cleared first only then you can raise the account closure request.
Step 3 – If any type of mutual fund holdings are available in your Upstox account, then first you have to redeem the holdings of these mutual funds only after that account closure request can be raised.
Step 4 – Your Upstox account cannot be closed as long as you have open trade positions in your account, so to close this account first you have to clear the open trade positions only then you can raise the request to close the account.
How to Upstox Demat Account Close Online
- To close upstox demat account online, first login to your account with your 6 digit pin.
- In the next step, click on the Account option at the bottom right of the home page.
- Next, click on the account link at the top.
- In the next step visit your profile.
- After clicking on the Profile link, click on the Account Closure link in the drop down.
- In the next step click on Close Account.
- After clicking on the close account button, you will be taken to the closure page.
- After reaching the closure page, select the reason for closing the account.
- After selecting the closure account, click on the close account button at the bottom.
Account Closing Process for Old App Users
Customers who use the old version of Upstox. The online upstox account closure process for them is as follows.
- Login to the old Upstox app with your 6 digit PIN.
- Click on the Profile option in the left-hand corner of your app.
- Click on your name or My Account in the left-hand corner of your old app’s home page.
- After clicking on My Account, you will be taken to your account page. After scrolling down this page a little, the option of Close Account will appear. Click on this option to close your account
- After clicking on the Close Account button, you will reach the Account Close Confirmation Page. Here you have to confirm to close your account.
- If you do not want to close the Upstox account, then click on the button of Keep MyUpstox Account.
- And if you want to close the Upstox Demat account then click on the link in blue color.
- After clicking on this link, a link to close the account will be sent to your mobile or email address, by clicking on which you can close your account. It is valid for 90 days
- Your account will be permanently closed within 7 or 8 days after your account closure request is submitted.
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