No, Angel One does not charge any penalty for closing your demat or trading account early. You can close your account at any time without paying any extra fees. Just make sure all your dues are cleared and there are no shares or holdings left in your account.

Are There Any Hidden Charges for Account Closure?

Angel One does not have any hidden charges for closing your account. You can submit the closure request without worrying about extra or surprise fees. The process is simple and free of cost if your account is clear of dues and holdings.

What Steps Should You Take Before Closing the Account?

Before closing your Angel One account, you must make sure there are no pending balances or shares in your demat. Transfer or sell your holdings and clear any outstanding payments. Once everything is cleared, you can fill out and submit the closure form easily.

How to Close Your Angel One Account?

To close your Angel One account, download the account closure form from their website or visit the nearest branch. Fill in the required details, attach your ID proof, and submit the form. Make sure to mention whether you are closing both demat and trading accounts.

Can You Reopen Your Account Later?

Yes, if you close your Angel One account and later want to reopen it, you can open a new account anytime. However, it will be treated as a new application, and you’ll need to complete the KYC and account opening process again.

How Long Does the Account Closure Take?

Once you submit all the correct documents and your account has no dues, Angel One usually takes 7 to 10 working days to process the closure request. You will get a confirmation once the account is closed.