How to close a Groww/Zerodha demat account online permanently (Step-by-step guide)

So you’ve decided to clean up your financial dashboard and permanently close your Groww or Zerodha demat account. Maybe you are consolidating your portfolio, or perhaps you are just tired of tracking multiple platforms.

Whatever your reason, leaving an unused demat account open is a bad idea—it silently accumulates Annual Maintenance Charges (AMC) and leaves your data exposed.

Fortunately, you no longer need to print out forms, sign them in ink, and courier them across the country. You can close both accounts completely online. Here is your straightforward, step-by-step guide to doing it right for InvestSeed.

⚠️ Critical Prerequisites (Do This First!)

Before you hit the delete button, both stockbrokers will instantly reject your request if you haven’t cleared the decks. You must ensure the following three things are done, or the process will fail:

1. Zero Holdings: Sell all your remaining stocks, mutual funds, and sovereign gold bonds, or transfer them to another active demat account. Your holdings tab must be completely empty.

2. Clear Outstanding Dues: If your account balance is even ₹1 in the negative due to past brokerage or AMC fees, pay it off. The ledger balance must be zero or positive.

3. Settle Open Positions: Close any active Future and Options (F&O) positions and delete all active Systematic Investment Plans (SIPs) or auto-pay mandates.

How to Close Your Zerodha Account Online

Zerodha processes account closures digitally through its Console dashboard using Aadhaar-based e-signing.

The Zerodha Process

1. Log in to Console:1-2 minutes.

Go to console.zerodha.com and log in using your Kite credentials.

2. Navigate to Account Segments:1 minute.

Click on Account in the top menu, then select Segments from the sub-menu on the left side of the screen.

3. Initiate Account Closure:2 minutes.

Scroll down to the bottom of the page. You will see an Account Closure section. Click on it, select your reason for closing the account, and add any required feedback.

4. Aadhaar e-Sign:2-3 minutes.

Click Continue. You will be redirected to the NSDL electronic signature gateway. Enter your Aadhaar Number, click Send OTP, and enter the OTP received on your Aadhaar-linked mobile number to finalize the request.

Turnaround Time: Once e-signed, Zerodha typically processes and permanently shuts down the account within 2 working days. You will receive a confirmation email.

How to Close Your Groww Demat Account Online

Groww allows users to trigger account closure directly through their app or web portal, provided all equity and mutual fund balances are cleared.

The Groww Process

1. Access the Help Section:1 minute.

Open the Groww app or log in on the web. Tap on your Profile icon (labeled 'You') and navigate to the Help & Support section.

2. Locate the Closure Ticket:1 minute.

Select Stocks or My Account, then search for the topic: "I want to close my Groww Demat account".

3. Trigger the Request:2 minutes.

Read the on-screen prompts ensuring your balance is zero, then click the Ok, Close Account or Next button at the bottom of the article.

4. Confirm and e-Sign:3 minutes.

Click Accept and Continue. You will be securely redirected to the CDSL gateway to perform your digital Aadhaar e-Sign using the mobile OTP verification.

Note on Groww Mutual Funds: If you bought "Direct" mutual funds via Groww, closing your Groww account does not erase your investments. Your mutual fund units remain completely safe with the respective Asset Management Companies (AMCs) and can still be tracked via platforms like MFCentral using your PAN.

A Quick Reality Check

A Word of Advice: Don't forget to download your P&L statements, tax reports, and contract notes before completing these steps. Once the broker deletes your profile, you will lose access to the portal completely, making it a massive headache to retrieve these documents during tax filing season. Take 5 minutes to back up your data today!

Disclaimer: All content published on InvestSeed—including step-by-step guides, tutorials, financial reviews, and opinions—is for informational and educational purposes only. It should not be interpreted as professional financial, legal, or tax advice.