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I hereby notify you of my decision to terminate the contract relating to the Sharekhan service.
This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual period.
Please take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper processing of this request;
– and, if applicable, send me the final statement or balance confirmation.
This cancellation is addressed to you by certified e-mail. The sending, timestamping and content integrity are established, making it a probative document meeting electronic proof requirements. You therefore have all the necessary elements to proceed with regular processing of this cancellation, in accordance with applicable principles regarding written notification and contractual freedom.
In accordance with personal data protection rules, I also request:
– deletion of all my data not necessary for your legal or accounting obligations;
– closure of any associated personal account;
– and confirmation of actual data deletion according to applicable privacy rights.
I retain a complete copy of this notification as well as proof of sending.
Important warning regarding service limitations
In the interest of transparency and prevention, it is essential to recall the inherent limitations of any dematerialized sending service, even when timestamped, tracked and certified. Guarantees relate to sending and technical proof, but never to the recipient's behavior, diligence or decisions.
Please note, Postclic cannot:
- guarantee that the recipient receives, opens or becomes aware of your e-mail.
- guarantee that the recipient processes, accepts or executes your request.
- guarantee the accuracy or completeness of content written by the user.
- guarantee the validity of an incorrect or outdated address.
- prevent the recipient from contesting the legal scope of the mail.
Cancellation Sharekhan: Easy Method
What is Sharekhan
Overview
Sharekhan is an Indian brokerage and investment services firm that offers trading, Demat accounts, research and advisory to retail investors.
The firm provides mobile apps and web access for equity, derivatives and other financial instruments, plus paid plans and value-added services.
Core services
Services include trading accounts, Demat accounts, relationship manager support and subscription-based brokerage plans.
Sharekhan also supplies research, advisory and third-party value-added services that may carry separate fees.
How to cancel Sharekhan
Cancel mobile subscriptions (Android)
- Open the Google Play Store on your Android device.
- Go to Menu → Subscriptions → select the Sharekhan subscription.
- Tap Cancel Subscription and confirm. Cancel at least 24 hours before renewal to avoid charges.
- Reference: Android cancellation steps.
Cancel via iOS or web
- iOS subscriptions are normally managed through your Apple ID → Subscriptions; Sharekhan does not publish iOS-specific cancellation instructions.
- For account-level cancellations (trading/Demat) no explicit web cancellation form is published; customers are generally instructed to contact their branch or Relationship Manager.
- To cancel SIP bank mandates or bank-related instructions, contact your branch or Relationship Manager and submit required forms as advised.
What happens when you cancel
Access and service impact
Cancelling an app subscription stops future billing and may remove access to subscription-only features at the end of the current billing period.
For brokerage plans, cancellation or closure of accounts can affect trading access, order execution and access to research tools.
Data and account continuity
Closed accounts retain transactional records as per regulatory requirements, but you should request final statements and confirmations before closure.
If you cancel only a paid plan (but keep the account), standard/default brokerage and service terms will continue to apply.
Will I get a refund?
General refund position
Sharekhan does not appear to offer a general 14-day cooling-off or automatic right-to-refund for brokerage services in its published policies.
Refund eligibility is limited and not guaranteed for most paid services or third-party value-added services.
Documented exceptions
- If Sharekhan does not open your Demat/trading account within 10 days after you submitted all required documents, you may request a full refund of account-opening fees. Reference: refund policy.
- Fees for third-party value-added services are non-refundable under the published policy.
- Refunds may be available for payments made via third-party or non-mapped bank accounts that remain unused, per the refund policy.
Sharekhan plans and pricing
Plans summary
The table below lists typical plans and one-time or recurring fees published for Sharekhan.
Prices include GST notes where specified; verify current rates with Sharekhan before purchase.
| Plan | Price | Period | Features |
|---|---|---|---|
| Silver (Unlimited Trading Plan) | ₹3,000 + GST (one-time) | One-time | No brokerage for 3 months; post period: Intraday 0.02% (min ₹0.01), Delivery 0.30% (min ₹0.03); Futures 0.02% intraday; Options ₹50 per lot (equity/commodity), Currency ₹5 per lot. |
| Gold (Unlimited Trading Plan) | ₹6,000 + GST (one-time) | One-time | No brokerage for 6 months; post period: Intraday 0.01% (min ₹0.01), Delivery 0.25% (min ₹0.02); Futures 0.01% intraday; Options ₹35 per lot equity/commodity, Currency ₹4 per lot. |
| Platinum (Unlimited Trading Plan) | ₹9,999 + GST (one-time) | One-time | No brokerage for 6 months; post period: Intraday 0.005% (min ₹0.01), Delivery 0.18% (min ₹0.01); Futures 0.005% intraday; Options ₹25 per lot equity/commodity, Currency ₹3 per lot. |
| Classic Plan | Pay-per-trade (default brokerage) | Pay-per-trade | Equity Delivery 0.50%; Equity Intraday 0.10%; Futures 0.10%; Options ₹50 per lot; Currency options ₹30 per lot. |
| Prepaid Plan | Example: ₹1,00,000 per year | Annual | Prepaid subscription: Equity Delivery 0.10%, Equity Intraday 0.015% (lower brokerage in exchange for upfront payment). |
Your consumer rights in India
Statutory protections
Indian consumer protection and financial regulations require clear terms on cancellations, refunds and grievance redressal for financial services.
However, brokerage offerings may not carry a statutory 14-day cooling-off period like consumer goods; rights depend on contract terms and applicable financial regulations.
Where to escalate
- File complaints with SEBI for brokerage, account or trading-related disputes if you cannot resolve issues through Sharekhan.
- Use the banking ombudsman for bank mandate or payment-related disputes, and file cyber-crime complaints for fraud or impersonation.
Customer experiences
Positive feedback
Some customers, including NRIs, report continued support and account servicing across locations, noting helpful relationship management in certain cases.
Positive reviews highlight that established broker infrastructure can be useful for traditional investors.
Negative feedback
- Common complaints include outdated or buggy trading software, poor customer support responsiveness, and delays in account closure or refunds.
- Reports on public forums warn about scams involving fake apps and impersonators; users advise caution with links and WhatsApp solicitations.
Documentation checklist
Before requesting cancellation
- Keep a copy of your account opening documents, KYC, PAN and proof of identity/address.
- Obtain recent account statements and transaction confirmations for reconciliation before closure.
When submitting a cancellation or refund request
- Prepare a written request or email with account number, client ID and reason for cancellation.
- Attach any required forms for Demat closure or SIP mandate cancellation and unsigned/verified signatures as requested by the branch or RM.
Common mistakes
Not cancelling subscriptions in app stores
Many users assume Sharekhan will cancel app-store subscriptions; in practice you must cancel Android subscriptions via Google Play or iOS via Apple ID.
Failing to cancel at least 24 hours before renewal can result in an unexpected charge.
Assuming automatic refunds or instant closures
Users sometimes expect immediate refunds or instant account closure without submitting all documents; Sharekhan’s policy limits refunds and requires proper paperwork.
Delays may occur for signature mismatches or incomplete forms; follow up with the branch or Relationship Manager promptly.
Comparative recap
Quick comparison
The table below compares cancellation and refund attributes for Sharekhan based on published information and community reports.
| Item | Sharekhan | Notes | Period |
|---|---|---|---|
| App-store cancellation (Android) | Cancel via Google Play subscriptions | Users must cancel themselves; allow 24+ hours before renewal. | Immediate (subscription end at period) |
| App-store cancellation (iOS) | No Sharekhan-published steps | Manage via Apple ID subscriptions; Sharekhan provides no iOS guide. | Immediate (subscription end at period) |
| Account/Demat closure | No explicit online form published | Requires branch/RM contact and paperwork; possible delays or signature issues reported. | Varies |
| Refunds | Limited and conditional | Refunds for account-opening fees if account not opened within 10 days; third-party fees non-refundable. | Case-by-case |
After cancelling
What to do next
- Request a written confirmation of cancellation or account closure and keep it for records.
- Download final account statements and transaction reports for tax and reconciliation purposes.
Helpful links
- Android subscription cancellation steps: topalter.com
- Sharekhan / ShareIndia refund policy details: shareindia.com refund policy
Address
Registered office
10th Floor, Gigaplex Building No. 9, Raheja Mindspace, Airoli Knowledge Park Road, MSEB Staff Colony, TTC Industrial Area, Airoli, Navi Mumbai, Maharashtra 400708, India.
Contact recommendation
For account closures, refunds or formal complaints, contact your Relationship Manager or the branch handling your account and keep written records of all correspondence.