How can I close my Trading or Demat account with FYERS?

How can I close my Trading or Demat account with FYERS?

At FYERS, you can request account closure in two ways—by closing only your Trading account or by closing both your Trading and Demat accounts together. The process varies depending on the option you choose. While online closure is preferred, in some cases our support team may instruct you to complete the offline process. The IL&FS Demat account closure is always offline and handled separately.

To close both Trading & Demat accounts online

On FYERS App

  1. Log in to the FYERS App.
  2. Tap Menu (☰) → Profile.
  3. Go to the Others tab and select Close Account.
  4. Tap Close and confirm.
  5. Enter the OTP sent to your registered email or mobile number.
  6. Once confirmed, your account will be closed within 3 working days. An acknowledgment will be sent to your registered email ID.

On FYERS Web

  1. Log in at https://fyers.in/web/.
  2. Click on your Profile icon.
  3. Open the Others tab and click Close Account.
  4. Click Close and confirm.
  5. Enter the OTP sent to your registered email or mobile number.
  6. Your account will be closed within 3 working days, and acknowledgment will be sent to your registered email.

To close only the Trading account offline

If you only want to close your Trading account while keeping the Demat account active, follow these steps:

  1. Download and complete the Account Closure Form from this link: Download Closure Form
  2. Ensure all details are filled in block letters in English.
  3. Courier the signed form to:

    FYERS Securities Private Limited,
    225, 14th Cross Rd, Rahmath Nagar,
    RT Nagar, Bengaluru, Karnataka – 560032.
This offline closure process for Trading-only accounts is required only if specifically advised by FYERS Support.

For IL&FS Demat account closure (separate process)

If you hold an IL&FS Demat account linked to FYERS, the closure process is offline only. Complete the IL&FS Demat Closure Form and courier it to:

FYERS Securities Pvt. Ltd.
225, 14th Cross Rd, 1st Block,
Rahmath Nagar, RT Nagar,
Bengaluru, Karnataka – 560032.

Important: Before initiating account closure, ensure your account balance is ₹0, all positions are closed or a Target DP ID is provided for transfer, and a digitally signed CMR copy is submitted. Aadhaar authentication is required for e-sign. Once closed, an account cannot be reopened. To trade again, you will need to create a new account.

What if...

ScenarioWhat to do
I want to close both Trading and Demat accountsFollow the online closure process via FYERS App or Web (preferred). Use offline only if instructed by support.
I only want to close my Trading accountDownload the closure form, fill it, and courier it to FYERS’ Bengaluru office.
My closure request is pendingIt may take up to 3 working days. If delayed, contact our support team.
I hold an IL&FS Demat accountDownload and courier the IL&FS closure form to the FYERS Bengaluru address. This process is always offline.
I want to stop trading but keep my accountYou can request to keep your account dormant instead of closing it.
Tip: If you’re unsure about closing your account, you can keep it dormant instead. This preserves your access for future trading without re-opening hassles.

Last updated: 19 Sep 2025