How to Close a Fyers Account

Closing your Fyers account is easy, but it seems daunting; it’s actually a straightforward process. Well, there can be many different reasons, and personal reasons to close the Fyers demat account. So, we will discuss how to close a Fyers account.

Whether you have found a new broker which wish to take a break from trading, or you simply want to close your demat account, but before diving into the steps, it is necessary to understand why users may want to close their account on this platform.

Inactivity or no longer trading in the stock market.
The high maintenance charges might not be justified for keeping an inactive account.
Switching to another broker platform with better features, superior customer support, or lower fees.
The consolidating trading accounts for better management.

So, no matter the reason, this platform allows you to close your demat account by just following some simple steps.

Steps to Close a Fyers Account

Here are the steps to close a Fyers Demat account:

Open the Fyers app.

Tap on the “Profile icon”.

Tap on the “Profile tab”.

Then click on “Others”.

Scroll up, tap on the “Close” button.

Enter the “OTP” and tap on the “continue” button.

Once it’s confirmed, your account will be closed within 3 working days. And for the acknowledgment, they will send you an email to your registered Email ID.

Conclusion

In Conclusion, closing your Fyers account is a simple and straightforward process, which makes sure to downloading the account closure form, submitting the necessary documents, filling in all the required information, and ensuring there are no pending dues. We hope our blog on this topic is helpful.

About the Author

Saniya

I'm a finance content writer with a BBA in FinTech, passionate about simplifying money matters for everyday Indians. I break down complex topics like investments, savings, and digital finance into easy, relatable content. My goal is to help you in a way that’s easy to understand, jargon-free, and actually useful in real life.

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