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 squared off.
- 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 the demat account.
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