How to close IIFL Demat account online?

IIFL Demat account closure process is completely offline wherein you have to fill and submit a physical form. IIFL does not allow/offer online closing of the Demat account.

It is advisable to close your Demat account if you're not using it, to avoid paying AMC and other charges.

Steps to close the Demat account:

1. Download the account closure form from here by selecting the right option.
2. Fill all the required information like client ID, DP ID, name, address, and the reason for closing the account.
3. All account holders must sign the form.
4. Submit the form to the nearest branch or post it to the address provided in the form. It takes about 7 to 10 days to process the account closure request.

Key Points to remember:

• Clear all your pending dues as the company may reject the account closure request.
• Transfer any securities held in the IIFL Demat to another Demat account.
• Submit the unused DIS (delivery instruction slip) to the DP.

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