Is it allowed to trade in equity delivery by linking other Demat accounts?
No, it is not allowed. You cannot link a demat account held with another broker to your FYERS trading account for full delivery-based trading. FYERS requires a demat account mapped under its own system to enable complete buy and sell functionality.
Why external demat accounts aren’t allowed for delivery trading
If FYERS were to allow external demat accounts:
- You could buy shares via FYERS, but wouldn’t be able to sell them through FYERS
- You’d need to sell those shares using the broker where the demat account is actually held
- Your FYERS platform would continue to show the holdings even after you’ve sold them, leading to confusion and inaccurate portfolio tracking
This lack of digital integration results in an inconsistent trading and settlement experience.
Can I use an external demat account for anything?
Yes, you may link an external demat account only for trading in the equity intraday segment. However:
- Delivery trades (buy today, hold for future) will not be supported
- You must open a FYERS demat account to access full delivery trading and holdings management
What If:
| Scenario | What You Should Know |
|---|
| I want to use my old demat account | It must be transferred to FYERS to trade delivery-based equity |
| I already have shares in another demat account | You can transfer them into your FYERS demat account using DIS or CDSL Easiest |
| I linked an external demat and now can't sell shares | That’s expected—sell trades require demat and trading accounts under the same broker
|
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