How long does it take to close IIFL account?

Once you have sent the account closure form to the broker, then your account will go under the verification process wherein the broker will check details such as outstanding dues, negative balance, availability of securities in your Demat account, etc. If you have settled all balances, have no dues, no securities, and provided correct details in closure form then, within 7-10 working days, your IIFL Securities Demat Account Demat account will be closed.