Today the inflation rate is very high and if you only save your money then you indirectly lose your money. So, it is important to invest your money to get a better return in the upcoming future.
When we think about investment then the stock is the first word that comes to our mind. But the stock is a risky option still it is a profitable way to get a high return in very little time. Today buying and selling stocks of a company become very easy due to applications like Upstox.
But after using Upstockes people get lots of other options and try to use different applications which leads you to this article where you are searching for the steps to know How to close a Upstox account.
This is a Ratan tata-funded and trusted company in which you can invest your money and get lots of features that make your stock-picking process easy. Still, you want to understand the process of How to close a Upstox account then stick with this article until the end.
Points to keep in mind before Close Upstox account
Before you want to close your Upstox account you need to keep some important points in your mind, read those points below.
Make sure you have zero balance in your Upstox account and also sell all your holdings or transfer them to another account before closing this account.
Any remaining funds will be credited to your primary linked Bank account within some days.
If you have any mutual fund holdings then you need to redeem them before proceeding with your process of account closing.
How to close a Upstox account?
If you have all types of documents and you are ready then you have to follow some simple instructions given below.
Step 1 – Login to the application of Upstox with the help of Upstox username and password (keep in mind that 6 digits are username).
Step 2 – When the application will open then click on the profile icon at the left top corner.
Step 3 – When you click then you visit my profile sections of this application. In this section click on the “Name” or “My Account” display at the top left corner of your screen.
Step 4 – After that, you will redirect to the account page when you scroll down to that page then you get an option of “CLOSE ACCOUNT”.
Step 5 – After clicking on close account, you will again redirect to the page of confirmation.
Step 6 – Now, click on the link which is given on that page and you get a page that has a form with some simple questions.
Step 7 – Give your reason why you want to close this account and give your UCC number and PAN number, after that click on the close account option.
After clicking on that option your account will close within 7 to 8 working days after submitting the account closure request.
Note – You also receive a closure link URL through an SMS & email on the registered mobile number.
Hope you read all the information given in this article and if you follow all the instructions which given in this article then I think you understand How to close a Upstox account. So, if you get complete information then do not forget to share this article and if possible leave your valuable suggestions and comments below.