Account Closure for Dhani Stocks

Please find below the Account Closure/ Deletion in Dhani Stocks App:

• As per SEBI guidelines, the Close Account option is available in the Dhani Stocks app in the Profile > Account Details section.

  
  

  
  

  

  
  

• Upon clicking on the Close Account option, a confirmation page will come which will show a list of all the Demat Accounts that will be closed. User can also fill the Reason for closing the account but this is Optional.

  
  

  
  

  

• Once the user clicks on the Confirm & Close Account button, a Request for Account closure will be submitted and a Success message will be shown to the user.

  
  

  

• The request for Account closure will be reviewed by the team and will be

  cross-referenced with all the Internal Policies (defined below) & SEBI Guidelines. The Trading account and all the linked Demat accounts will be closed if all the policies and Guidelines are passed. This could take 24-72 hours. In the meantime if the user tries to again request for Account closure then an error message will be shown.

  
  

  

  Guidelines for Account Closure -

  
  

• When the user opts for Account Closure, the Trading account and all of the Demat accounts will be permanently closed.

• If the user wishes to again trade through Dhani Stocks in the future, he will have to do a fresh KYC and a new Trading and Demat account will be opened.

• Account closure request will be rejected if there is any Debit Balance, Open Positions or Holdings in the Demat account.