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.
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.
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. |