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To save maintenance charges, it's recommended to close all your inactive or zero balance demat accounts. Though it's a tedious task to close the account in comparison to account opening. Because when you want to open an account, stock brokers might call you 100 times to have one meeting with you but when you have to close it you either need to sign a document and courier it or visit their branch personally.
You can close your demat account with Angel Broking any time you like it. There are no charges for account closure. To close the account, the customer has to download the Account Closure Form from their website under "Important Document" section. Fill the Account Closure form and submit the same to your respective Angel branch. To know the debit+credit details of your account you can contact your registered branch or you can check the same form your back office login
Before submitting the request to close the account, the customer has to keep in mind:
Once all these formalities are taken care of correctly, you have to courier the form or visit the nearest branch. After submitting the form, it takes 3-5 days to close your account.
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