How To Delete SAMCO Account | Deactivate Account

How To Delete SAMCO Account.

Do you really intend to delete/cancel/deactivate your SAMCO Account? Would you welcome our assistance on how to do that?

If your answer to the above questions is yes, then, we are here to serve you better. Our lasting solution is just all you need for such a problem.

As a matter of fact, there are various reasons why one would desire to delete his online account. The major reason among all is email spamming from the company providing the service.

Meanwhile, SAMCO offers 2-in-1 accounts (Trading and Demat) which can be easily closed if they are no more needed. It is indeed recommended to close the account to avoid AMC charges, unwanted penalties or misuse of your account if you are not planning to use them.

How To Delete SAMCO Account

Follow these steps below to close SAMCO Account:

Step 1. Clear all pending dues with the broker.
Step 2. Transfer or sell all your Demat account holdings.
Step 3. Call the SAMCO office to get the account closure form in an email.
Step 4. Fill the Account Closure Form, sign it and send it to the SAMCO Mumbai office.

Important Tips

  • The PDF Account Closure Form is not available online.
  • The account cannot be closed online, through email, or through phone calls.
  • And the physically signed application form should be submitted.
  • If there are multiple account holders on the account, each one has to sign an account closing form.

Once the form is received by SAMCO, it takes up to 7 days to close your account if the form is incorrect order. You will receive a confirmation letter within 15 days.

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