Keeping demat account open?

Good morning everyone

I have accounts in 5 Paisa as well as angel broking which I am currently not using and I don’t have any plans to use them…
They currently have negative balances…
Is there any disadvantage of keeping them as such or should I pay the debits(not interested) and close them?

Close it ASAP if u can. In future u may have to face penalty regarding about it.

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If u don’t use it will be inactive after 1 year, but if u don’t close then may u need to pay charges to brokers for closing it

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I am in trouble here…5 Paisa balance is -3100 due to some subscription…I don’t know which…
What should I do now friends?

Check with ur broker 5paisa only what they have charged for it

Bro…can you elaborate on this penalty part, if you have an idea?

I don’t know exactly confirm with the customer service.

In future, if u want to use the account u have to repay the negative balance. If u don’t want to repay leave it. After a few years of inactive automatically broker will close the account.

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Ok thank you bro for your help

They don’t charge interest on the amount I guess?

Won’t this affect his credit score?

If the account is inactive for several years, they will write off the dues.

Close demat asap. Nahi to pata chala inactive account me broker game chala raha he

Never, a credit score is affected with any kind of loan or credit card. Stocks is a different thing, it has nothing to do with the credit score of an individual.

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