- The account cannot be closed if there is a negative balance.
- All positions must be squared off, and holdings must be sold or transferred to another account before closing the FCML account.
- Clients can opt for the closure-cum-transfer.
- Download all the necessary reports, such as contract notes, ledger, and P&L statements, by visiting backoffice link 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.