Why can’t I take delivery of shares if I have not opened a Demat account?

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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 ...

• 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 ...

• Which income proofs can I submit for my newly opened bank account?

  If you've recently opened a bank account and need to submit income proof, here are the accepted documents: Six-month bank statement: Provide a 6 month bank statement of your existing bank account, reflecting all transactions to date. Income Tax ...

• What are the implications of not granting power of attorney for my demat account at FYERS?

  At FYERS, we understand that some clients may have reservations about granting Power of Attorney (POA) for their Demat accounts. Without a POA, traditionally, clients were required to submit Delivery Instruction Slips (DIS) physically to carry out ...