--- title: "How to close Arrow demat & trading account?" description: "You can close your Arrow account online or offline, depending on your account type. The closure process takes 2 working days once you submit your request." category: your-arrow-account subcategory: your-profile slug: how-to-close-irage-demat-trading-account canonical: https://support.arrow.trade/your-arrow-account/your-profile/how-to-close-irage-demat-trading-account/ --- # How to close Arrow demat & trading account? > You can close your Arrow account online or offline, depending on your account type. The closure process takes 2 working days once you submit your request. ## Short answer You can close your Arrow account online or offline, depending on your account type. The closure process takes 2 working days once you submit your request. ## Before closing your account You must complete these requirements before closing your account: Clear any negative balance in your account Square off all positions and sell or transfer your holdings to another account Delete all existing SIPs and mandates from your Arrow account Download all necessary reports (contract notes, ledger, and P&L statements) by visiting Console, as you cannot access these reports once your account closes You cannot reopen the same account with the same user ID after closure. You will need to if you want to trade with Arrow again. A new application for a trading and demat account with Arrow can be denied if the account has been opened and closed multiple times using the same PAN without sufficient justification. ## Closure-cum-transfer You can opt for closure-cum-transfer with no additional charges. This process transfers your holdings to another demat account while closing your Arrow account. Follow the Standard Operating Procedure (SOP) for closure cum transfer. Depositories mandate this, and it is applicable to all brokers. Refer to point numbers 10.6.1.1 and 10.6.2.1 in this CDSL operating instructions for depository participants (PDF). ## Online closure Resident Indians, NRIs, and minors with Arrow access can close their iRage accounts online. To close your Arrow account, follow these steps: Login to Console. Click on Account. Click on Segments. Scroll down and click on Account closure. Select the reason and enter additional feedback. Click on Continue. If you have holdings, you will see 2 options: Sell holdings: Select this if you want to sell your holdings. Click on Continue. This takes you to your Arrow holdings page, where you can sell your holdings. Transfer holdings: Select this if you want to transfer your holdings to another demat account in your name (closure-cum-transfer). You can only transfer to a demat account registered in your name, not to another person's account. Select your destination demat account depository (CDSL or NSDL), enter your DP ID, and upload the CMR (Client Master Report) of your destination account. Sell holdings: Select this if you want to sell your holdings. Click on Continue. This takes you to your Arrow holdings page, where you can sell your holdings. Transfer holdings: Select this if you want to transfer your holdings to another demat account in your name (closure-cum-transfer). You can only transfer to a demat account registered in your name, not to another person's account. Select your destination demat account depository (CDSL or NSDL), enter your DP ID, and upload the CMR (Client Master Report) of your destination account. Accept the terms and conditions and click on Proceed to eSign. Click on Sign now and digitally sign your application using Aadhar. Joint account holders and minors without Arrow access must create a ticket with the esigned account closure form (PDF) to close their Arrow account. For joint accounts, all the account holders must sign the closure form. For minor accounts, the guardian must sign the closure form. Clients who want to close only the commodity account, not the trading and demat account, must also create a ticket with the esigned account closure form (PDF). Refer to the sample esigned joint account closure form (PDF), minor account closure form (PDF) and commodity account closure form (PDF). ## Offline closure Non-individual iRage accounts can only be closed offline. For corporate, One Person Company (OPC) and Limited Liability Partnership (LLP) account holders, the account closure form (PDF) must be signed by the authorised signatory as per the board resolution. For partnership, trust and Association of Persons (AOP) account holders, the account closure form (PDF) must be signed by the authorised signatory as per the authority letter. For HUFs, Karta must sign the closure form. The signed forms must be couriered to: iRage Customer Support Centre 192A 4th Floor, Kalyani Vista, 3rd Main Road, JP Nagar 4th Phase, Bengaluru, 560076 Refer to the sample signed account closure form (PDF). your Arrow account will be closed within 2 working days, and an email notification will be sent to the registered email ID upon completion. ## Things to keep in mind You can deactivate your account if you intend to stop trading temporarily and resume it later. This can be done using Kill Switch. If you are closing your Arrow account because of employer restrictions, you can request iRage to be empanelled as a registered broker with your company. The account closure request may be rejected if clients have holdings that have undergone corporate actions like bonuses or splits. The account can only be closed once the shares from corporate actions are credited to the demat account. The Annual Maintenance Charge (AMC) will not be charged to the account from the day the closure request is processed. ## Related - Browse more in [your profile](/your-arrow-account/your-profile/) - Open account: [kyc.arrow.trade](https://kyc.arrow.trade) - Trade on Arrow: [app.arrow.trade](https://app.arrow.trade) - Support: [support@arrow.trade](mailto:support@arrow.trade) --- Source: https://support.arrow.trade/your-arrow-account/your-profile/how-to-close-irage-demat-trading-account/ Publisher: Arrow / iRage Broking Services LLP