No, you cannot close your demat account without closing your trading account. This restriction exists for the following reasons:
- Equity intraday positions have to be settled to your demat account if they are not squared off.
- All stock F&O contracts are settled physically to your demat account. See Policy on settlement of compulsory delivery derivative contracts.
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- If you have multiple demat accounts linked to your trading account, you should keep only one demat account linked and close the rest.
- You cannot close your trading account without closing your demat account.