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How to close IIFL Demat account?

IIFL Securities Account Opening

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You can close your IIFL Demat account by submitting an account closure request to the IIFL office. A customer can download an account closure form, print it, fill it, sign it and send it to the broker to close the demat account. Note that you cannot close your account online, by phone, or by email.

Steps to close IIFL Demat account

  1. Download 'Account Closure Request Form' from the IIFL website's Download Forms options at the bottom of the website.
  2. Fill the form with the required information and sign it.
  3. Courier/Submit the form to the nearest IIFL branch or the company head office.

Before submitting the closure form, ensure to transfer/sell the holdings from your Demat account and clear all the outstanding dues, if any.

IIFL takes about 7-10 working days to complete the account closure process.

 

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