What is the timeframe for closing my trading account?
Upon submitting the e-closure request, your trading account will be closed within T+2 days, with T representing trading days. However, it's important to note that the closure can proceed only
- If there is no negative balance.
- All positions must be squared off, and holdings must be sold.
- Download all the necessary reports, such as contract notes, ledger, and P&L statements before closing the account, as these reports cannot be downloaded or accessed once the account is closed.
- Once the account is closed, the client cannot reopen the same account with the same user ID. Clients will have to open a new account.