Can the demat account be closed while keeping the trading account open?
The demat account cannot be closed without closing the trading account for the following reasons:
- Equity intraday positions have to be settled to the demat account if they are not closed by the end of the day.
- All stock F&O contracts are settled physically to the demat account. See Policy on settlement of compulsory delivery derivative contracts.
Did you know?
If there are multiple demat accounts linked to the trading account, one demat account can be linked with the trading account, and the rest of the demat accounts can be closed.
The trading account cannot be closed without closing your demat account.