How to close Angel One Demat account?

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 One 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:

1. There should not be any shares present in your demat account.
2. There should not be any negative cash balance.
3. You are required to submit the unused delivery instruction booklet slip back to the DP

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.

Note:

1. You cannot close your account by making an online request via email without submitting a physical request of account closure.
2. In case of a joint account, the account Closure form should be signed by all the holders.
3. It is mandatory to mention all the relevant details on account closure form
4. You should first clear all your debit in all the segments and then submit the closure request
5. You cannot close your demat account without transferring your shares to another demat or without selling it.

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