By Saksham Arora Closing your Demat account with Angel One is actually simple—but only if you follow the process properly. Many people think it’s just one click, but there are a few conditions and steps you must complete before your request gets approved.
In this guide, you’ll understand the full process clearly—no confusion, no missed steps.
Why People Close Their Angel One Demat Account
There are some common reasons:
- You’re not investing anymore
- You want to switch to another broker
- You have multiple Demat accounts
- You want to avoid AMC (Annual Maintenance Charges)
If your account is inactive, closing it helps avoid unnecessary charges.
Important Things to Check Before Closure
Before applying, make sure your account is completely clean. This is the most important part.
1. No Holdings in Your Account
You must:
- Sell all shares or
- Transfer them to another Demat account
Closure is not allowed if even one stock is left.
2. No Pending Balance
Ensure:
- No negative balance
- No unused funds
Your account should be fully settled before closure.
3. No Open Positions or Orders
Make sure:
- No intraday or F&O trades
- No pending orders
- No IPO applications
All activities must be closed.
4. No Active SIPs or Mutual Funds
- Cancel all SIPs
- Redeem or transfer mutual funds
Otherwise, closure request will be rejected.
Methods to Close Angel One Demat Account
There are two main ways:
1. Online Closure (Fastest)
Available for individual accounts only
2. Offline Closure
Required for:
- Joint accounts
- HUF accounts
- Minor accounts
Step-by-Step Process (Online Method)
This is the easiest way.
Step 1: Login to Angel One App or Website
Use your:
- Client ID / Mobile number
- OTP login
Step 2: Go to Profile Section
- Open Account section
- Scroll down
Click on: “Close Demat and Trading Account”
Step 3: Select Reason for Closure
You’ll be asked:
- Why you want to close the account
Choose the appropriate reason and continue.
Step 4: Read Instructions Carefully
- Check all conditions
- Confirm that your account is eligible
Then click Proceed.
Step 5: OTP Verification
- Enter OTP sent to your registered mobile number
Step 6: E-Sign with Aadhaar
- Enter Aadhaar details
- Complete OTP-based e-sign
This step confirms your identity.
Step 7: Submit Request
Once submitted:
- Your request goes for verification
- Account gets processed
Closure is usually completed in around 3 working days.
Step-by-Step Process (If You Have Holdings)
If your account still has shares, follow this:
Option 1: Sell All Shares
- Convert everything to cash
- Withdraw funds
Then follow the normal online process.
Option 2: Transfer Shares to Another Demat
You need:
- Target Demat account details
- CML (Client Master List) of new broker
Upload this during closure request or submit via support.
Offline Closure Process (If Required)
For joint, HUF, or special cases:
Steps:
1. Download Account Closure Form
2. Fill details carefully
3. Sign (all holders must sign)
4. Attach documents (if transferring shares)
5. Submit via email/support or courier
This process is mandatory for non-individual accounts.
Important Points You Should Know
- Account closure is permanent
- You cannot reopen the same account
- You can open a new account only after 90 days
Also:
- Download your reports (P&L, statements) before closing
- Data won’t be available after closure
Common Mistakes to Avoid
These mistakes delay closure:
- Leaving small holdings
- Not clearing funds
- Forgetting SIP or MF investments
- Signature mismatch (offline cases)
- Incorrect details
Even a small issue can lead to rejection.
Charges for Closing Angel One Account
- Account closure is FREE
- But share transfer may have DP charges
So check before choosing transfer option.
What Happens After Closure?
After your account is closed:
- You cannot log in
- Your Demat account becomes inactive
- No AMC will be charged
- You’ll receive confirmation via email/SMS
Final Thoughts
Closing your Angel One Demat account is quite straightforward. The key is preparation—clear your holdings, settle balances, and follow each step properly.
Most people face problems not because the process is difficult, but because they miss small details.