You can not close your Angel broking (Angel One) trading and demat account online through Angel One app.
However, you are required to submit the signed closure form either via email or visiting the nearest Angel Broking branch office to close your Angel broking trading and demat accounts. There are no closure charges for the Angel Broking account.
You must fulfill the Angel broking trading and demat account closure requirements to close the Angel broking account.
Angel Broking Account Closure Requirements
- Ensure that there are no outstanding dues and your account does not have a negative balance.
- Withdraw any remaining funds from your account before initiating the closure.
- Do not leave any securities like stocks, mutual funds or other holdings in your trading and demat account. You can either sell or transfer your holdings to another demat account.
- Square off all your open F&O positions.
Steps to Close Angel Broking (Angel One) Account Online via Email
Step #1. You need to download the Angel Broking account closure form.
Step #2. Print the closure form and fill out all the required details accurately.
Step #3. Sign/self-attest the account closure form in all required places. If you have a joint account, ensure all account holders sign the form for closure.
Step #4. Attach all the necessary KYC documents including Aadhar card, PAN card.
Step #5. Scan the completed account closure form along with all the necessary documents.
Step #6. Now, you can compose an email for Angel Broking account closure. You can also mention the reason for closing and attach the scanned closure form and all the required documents.
Step #7. Send the email to [email protected].
Step #8. Once you submit the account closure request, you will receive an email confirming the initiation of the process. Please note that it may take approximately 7 to 8 business days to complete the closure of your Angel broking account.
You can also go through our article on how to close the demat account online of all stock brokers.
Steps to Close Angel Broking (Angel One) Account Offline
Step #1. You need to download the Angel Broking account closure form.
Step #2. Take a printout of the closure form and fill out all details accurately.
Step #3. Sign/self-attest the account closure form in all required places. If you have a joint account, all the account holders must sign the form for its closure.
Step #4. Attach all the necessary KYC documents including Aadhar card, PAN card.
Step #5. After filling the form, you need to visit the nearest Angel Broking office and submit the closure form with all the necessary documents.
Step #6. After submitting the form, Angel broking analyzes all the information and may take up to 7-10 business days to close your trading and demat account. There are no charges for account closure.
After processing your request, you will receive an intimation regarding the closure of your account along with a final statement.
You can also contact customer support one week of submitting your application to know the status of your account.
You can also go through the step-by-step guide on closing your Upstox demat account.
Takeaway
If you have any queries regarding the closure of the Angel Broking (Angel One) account, let me know in the comment section.
