HDFC’s demat account infrastructure operates across two distinct entities — HDFC Securities Ltd and HDFC Bank Ltd — and the closure procedure is different depending on which entity holds your demat account. This distinction matters practically: the online e-closure link provided by HDFC Securities does not apply to HDFC Bank DP accounts, and submitting the wrong form to the wrong entity is the most common reason for HDFC demat closure delays. Understanding which entity holds your demat account is the essential first step.
Which HDFC Demat Account Do You Have?
Your HDFC Securities demat account number starts with 12086700 or 12095000. Your HDFC Bank demat account number starts with a different DP ID prefix. Check your latest demat statement or your broker dashboard to confirm. Both entities have separate closure procedures.
Pre-Closure Checklist
Before initiating closure of either account, the following must be completed:
Clear all securities: sell holdings through the trading platform and wait for T+1 settlement, or transfer all securities to another active demat account using a Delivery Instruction Slip (DIS) or CDSL Easiest. Zero balance in the trading ledger: settle any outstanding AMC arrears, brokerage dues, or negative balance. Cancel active mandates: stop all SIPs, standing investment instructions, and auto-debit NACH mandates linked to the account. Return unused DIS booklets with the closure request.
Closure Route 1: HDFC Securities — Online E-Closure (Zero Balance Accounts)
HDFC Securities offers an online e-closure portal at allinone.hdfcsec.com/closure/login. This is available exclusively for HDFC Securities DP accounts with zero holdings, zero negative balance, no open positions, and no pending orders.
Log in to the e-closure portal with your HDFC Securities Trading Account credentials. Submit the closure request online. A confirmation window appears: “Application submitted successfully for verification.” Download the signed closure form — password-protected using your HDFC Securities Trading Account Login ID. Your trading account and demat account are closed simultaneously within T+2 business days.
If holdings exist in the demat account at the time of e-closure submission, only the trading account is closed. The demat account requires a separate physical Demat Closure cum Transfer Form to be submitted.
Closure Route 2: HDFC Securities — Offline Branch Submission
Download the following two forms separately from hdfcsec.com under the Downloads section: HDFC Securities Trading Account Closure Form and HDFC Securities DP Account Closure Request Form. Fill both accurately with your DP ID, Client ID, trading account number, name and address as per DP records, and reason for closure. All registered account holders must sign both forms. POA holders cannot sign closure forms.
If holdings remain, simultaneously submit a Delivery Instruction Slip specifying the target demat account to which securities should be transferred. Submit forms and documents at the nearest HDFC Securities branch. A confirmation SMS is sent to your registered mobile when the closure is processed. Timeline: 7 to 10 working days.
Closure Route 3: HDFC Bank DP Demat Account
For HDFC Bank DP demat accounts (not HDFC Securities accounts), the e-closure link does not apply. Submit the closure request at the nearest HDFC Bank demat servicing branch. Not all HDFC Bank branches process demat closures — visit a branch specifically designated for demat services.
Download the HDFC Bank Demat Account Closure Form from the HDFC Bank website’s form centre under Personal Banking → Demat. Fill and submit with self-attested identity documents. Timeline: 7 to 10 working days after submission.
Overview: HDFC Demat Closure Routes
| Account Type | Closure Method | Portal / Location | Timeline |
| HDFC Securities DP (zero balance) | E-closure online | allinone.hdfcsec.com/closure/login | T+2 business days |
| HDFC Securities DP (with holdings) | Physical form — branch | Nearest HDFC Securities branch | 7–10 working days |
| HDFC Bank DP | Physical form — branch | HDFC Bank demat servicing branch | 7–10 working days |
| Closure Charge | ₹0 for all routes | — | — |
Frequently Asked Questions (FAQs)
Q1. Is HDFC demat account closure free?
A: Yes — no closure fee is charged for either HDFC Securities or HDFC Bank demat accounts.
Q2. How do I know if my demat is with HDFC Securities or HDFC Bank?
A: HDFC Securities DP accounts start with 12086700 or 12095000. Check your demat account statement for the DP ID prefix to confirm.
Q3. Can I close my HDFC demat account without visiting a branch?
A: Yes — for HDFC Securities DP accounts with zero balance, the e-closure portal at allinone.hdfcsec.com/closure/login allows complete online closure in T+2 business days.
Q4. What if I have holdings when requesting e-closure?
A: E-closure only closes the trading account. The demat account requires a separate Demat Closure cum Transfer Form submitted at a branch after transferring holdings.
Q5. Can I switch from HDFC Securities to HDFC Sky without closing both accounts?
A: Yes — transfer holdings from your HDFC Securities demat to your HDFC Sky demat via CDSL Easiest, then close the HDFC Securities trading account via e-closure.
