I am having debit in my account and want to close my account. Please provide closure process.
We would like to inform you that it is mandatory to clear the debit balance in your account before applying for account closure.
We request you to clear the same and then kindly mark the mail to
cs@iifl.com by mentioning your Login id and Demat Account number thereby asking us to close the same as there are no holdings in your accounts.
On receipt of the request we shall send you a re-confirmation mail, you need to reply to the same once again mentioning your Trading code and DP account number.
We shall proceed with closing formalities post receipt of the same. Any credit balance present in your Trading account shall be transferred to your linked bank upon closure.