Why can’t I take delivery of shares if I have not opened a Demat account?
If you're planning to hold shares beyond the trading day—whether for a week, a month, or several years—you’ll need a Demat account. This account safely stores your shares in electronic format and is essential for taking delivery of any securities you buy through FYERS.
What is a Demat account and why is it required?
A Demat (short for "Dematerialised") account is an electronic account that holds your shares and other securities in digital form. When you buy shares on FYERS and choose to hold them instead of selling them the same day, these shares are transferred to your Demat account. Without one, you can’t take delivery of stocks.
This account is mandatory for all delivery-based trades. If you're only doing intraday trading or derivatives, a Demat account isn’t strictly necessary—but for long-term holdings, it's essential.
How it works at FYERS:
- When you buy shares and select delivery (i.e., not selling on the same day), FYERS credits the shares to your linked Demat account.
- These shares remain in your custody in dematerialised (electronic) format until you choose to sell them.
- If you don’t have a Demat account linked with FYERS, you won’t be able to receive or hold the shares you’ve purchased.
What if I don’t have a Demat account?
| Scenario | What Happens |
|---|
| You try to buy delivery shares without a Demat account | Your transaction may be rejected or not processed for delivery. |
| You have an active FYERS trading account but no Demat | You'll need to open a Demat account or link an existing one to take delivery. |
| You only trade intraday or in F&O | You can still trade, but cannot hold equity shares. |
Always ensure your Demat account is linked and active before placing delivery-based orders on FYERS.
Related Articles
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. ...
Is a demat account mandatory for trading with FYERS?
Opening a Demat account with FYERS is your first step toward investing or trading in the Indian markets. This account allows you to hold and manage your securities—such as stocks and ETFs—digitally and securely, without the need for physical ...
Which income proofs can I submit for my newly opened bank account?
Welcome! If you’ve recently opened a new bank account and need to verify your income for FYERS, don’t worry—we’ve got you covered. FYERS accepts a few different types of documents to fulfill the income proof requirement. Accepted Documents for Income ...
What is the expiry period for Trading and Demat account?
No, FYERS trading and demat accounts do not have an expiration date. Once opened, you can continue using your account indefinitely, as long as it remains compliant and active. How long is a trading/demat account valid? There is no time limit or ...
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 ...