How Can I Close My Trading or Demat Account with FYERS?

How Can I Close My Trading or Demat Account with FYERS?

At FYERS, account closure can be requested in two ways: close only the Trading account, or close both Trading and Demat accounts together. The steps differ slightly based on the option chosen. Online closure is preferred; in select cases, support may direct you to use the offline route. For clients with an IL&FS Demat account, closure is a separate offline process.

To Close Both Trading & Demat Accounts Online

On FYERS App

  1. Log in to the FYERS App.
  2. Tap Menu (☰) → Profile.
  3. Open 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, closure is completed within 3 working days. An acknowledgment is sent to the registered email ID.

On FYERS Web

  1. Log in at https://fyers.in/web/.
  2. Click the Profile icon.
  3. Open the Others tab and click Close Account.
  4. Click Close and confirm.
  5. Enter the OTP sent to the registered email or mobile number.
  6. Closure is completed within 3 working days, and an acknowledgment is emailed.

To Close Only the Trading Account Offline

To close only the Trading account (and continue with the Demat account), use the offline process below:

  1. Download and complete the Account Closure Form: Download Closure Form
  2. Fill all details 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.
The trading-only offline route is required only when specifically advised by FYERS Support. If unsure, please contact us.

For IL&FS Demat Account Closure (Separate Process)

Clients with an IL&FS Demat account must use the offline-only route. 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 submitting a closure request, ensure ledger 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; a new account will be required to resume trading.

Charges and Fees

  • No charges for account closure. Closing a Trading account, or Trading and Demat together, is free.
  • No DP charges for closure-cum-transfer. When requesting closure-cum-transfer of securities to another DP account, DP transfer charges are not levied for that request.
If any unexpected charge appears in the ledger during closure or closure-cum-transfer, please contact us for a review.

What if...

ScenarioWhat to Do
I want to close both Trading and Demat accountsUse the online flow on FYERS App or Web. Choose the offline route only if support instructs.
I only want to close my Trading accountDownload the closure form, complete it, and courier it to the our address.
My closure request is pendingProcessing can take up to 3 working days. If delayed, contact us.
I hold an IL&FS Demat accountUse the IL&FS closure form and courier it to the FYERS address. This route is offline only.
I want to stop trading but keep my accountRequest to keep the account dormant instead of closing it. Contact us for assistance.
Will I be charged for closure or closure-cum-transfer?No. Account closure is free, and DP charges are not applicable for closure-cum-transfer.
Tip: If uncertain about closing, keeping the account dormant preserves access for future trading without reopening steps. 

Last updated: 26 Nov 2025