Why can’t I take delivery of shares if I have not opened a Demat account?
Whenever you buy shares and decide to hold it for a week, a month, or years together then shares bought are deposited in Demat account in dematerialised form, as Demat account holds shares and securities in electronic custody.
If you don’t have Demat account with broker, then the above is not valid for you, and you will not be able to take delivery of the shares.
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Is a demat account mandatory for trading with FYERS?
Opening a Demat account with FYERS is an essential step for new clients who intend to trade or invest in equities or ETFs. A Demat account is your gateway to holding and trading a variety of securities in a seamless and electronic format. Segments ...
Is it allowed to trade in equity delivery by linking other Demat accounts?
No, it is not allowed. If we had allowed you link your existing Demat account which is held with another broker with your Fyers trading account, you would have been able to buy shares through us, but you wouldn’t have been able to sell them through ...
Can I link an existing demat account to my FYERS trading account?
At FYERS, we require our clients to have a FYERS Demat account to ensure a seamless trading experience across various segments. It's essential to have a linked FYERS Demat account to trade or invest in: 1. Segments that require a Demat account Equity ...
Can I open a trading account without opening a demat account?
Yes, opening a Demat account with FYERS is mandatory for all clients who wish to trade or invest in equities, ETFs, or mutual funds. Your Demat account is essential for holding the securities you purchase. Why is a FYERS Demat account required? A ...
Is It possible to open a Non-POA demat account at FYERS?
Yes, you have the option to open a Demat account without a POA at FYERS. This arrangement necessitates the use of Electronic Delivery Instruction Slip (E-DIS) for buying and selling shares. We’ve integrated the E-DIS facility to ensure a seamless and ...