You can request account closure at FYERS depending on whether you want to close only your Trading account or both your Trading + Demat account. While closing online is preferable, if our team instructs you to close your account offline, please follow the offline process. The IL&FS Demat account closure process is separate and always offline.
To Close Both Trading & Demat Accounts Online
On FYERS App
- Log in to the FYERS App.
- Tap Menu (☰) → Profile.
- Go to the Others tab and select Close Account.
- Tap Close and confirm.
- Enter the OTP sent to your registered email or mobile number.
- Once confirmed, your account will be closed within 3 working days. An acknowledgment will be sent to your registered email ID.
On FYERS Web
- Log in at https://fyers.in/web/.
- Click on your Profile icon.
- Open the Others tab and click Close Account.
- Click Close and confirm.
- Enter the OTP sent to your registered email or mobile number.
- 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:
- Download and complete the Account Closure Form from this link: Download Closure Form
- Ensure all details are filled in block letters in English.
- Courier the signed form to:
FYERS Securities Private Limited,
225, 14th Cross Rd, Rahmath Nagar,
RT Nagar, Bengaluru, Karnataka – 560032.
Note: This process is only required if specifically advised by our support team.
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:
No. 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 your account is closed, it cannot be reopened; if you wish to trade again, you must create a new account.
What if...
| Scenario | What to Do |
|---|
| I want to close both Trading and Demat accounts | Follow the online closure process via FYERS App or Web (preferred). Use offline only if instructed by support. |
| I only want to close my Trading account | Download the closure form, fill it, and courier it to FYERS’ Bengaluru office. |
| My closure request is pending | It may take up to 3 working days. If delayed, contact our support team. |
| I hold an IL&FS Demat account | Download and courier the IL&FS closure form to the FYERS Bengaluru address. This process is always offline. |
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: 01 Sep 2025
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