According to SEBI regulations, a client is not allowed to have two trading accounts under the same broking house. HDFC SKY is part of the HDFC Securities group, so clients are required to choose and hold an account with either HDFC SKY or HDFC Securities (Invest Right).

To initiate the switch, you first need to close your exisitng HDFC Securities account. You can do this online by visiting the e-closure link:https://allinone.hdfcsec.com/closure/login. If your demat account is with HDFC Securities Ltd., it's important to note that using the e-closure link will resul...

No, there are no charges involved in the account closure process.

Upon submitting the e-closure request, your trading account will be closed within T+2 days, with T representing trading days. However, it's important to note that the closure can proceed only if there are no demat balance, negative balances, open positions, or pending orders associated with the client's account