Re: RKSV - Unlimited Online Trading @ 1947/-
Thanks for your reply, My question is, if broker or DP provider did not close account after request, and want to debit AMC charges, than what Next ? I hope they will close account if some one not pay.
I request again to my broker to close my DP account, but he replied I have to pay dues, and my point is that was there mistake to not close my DP account as per my previous request last year.
As soft_trader said, IL&FS has tie-ups with both NSDL and CDSL. We are affiliated with IL&FS CDSL. Not sure if it's necessary to close your Demat account if trading account is closed. I can see two reasons from my side:
1) You paid a one year AMC to IL&FS. Broker doesn't know when you paid so he won't deactivate IL&FS
2) You can have one Demat account linked to multiple brokers. So broker XYZ may not want to deactivate it in case you have it linked to others that he doesn't know about.
This is why I feel that probably you have to call the DP and have them cancel it or work it out for you.
1) You paid a one year AMC to IL&FS. Broker doesn't know when you paid so he won't deactivate IL&FS
2) You can have one Demat account linked to multiple brokers. So broker XYZ may not want to deactivate it in case you have it linked to others that he doesn't know about.
This is why I feel that probably you have to call the DP and have them cancel it or work it out for you.
Thanks for your reply, My question is, if broker or DP provider did not close account after request, and want to debit AMC charges, than what Next ? I hope they will close account if some one not pay.
I request again to my broker to close my DP account, but he replied I have to pay dues, and my point is that was there mistake to not close my DP account as per my previous request last year.