Bank Account Linking

Yes, linking a bank account is mandatory to open and operate a Trading/Demat account.

It is required for:
Fund transfers (adding or withdrawing money)

Receiving dividends, refunds, and sale proceeds

KYC verification and compliance with SEBI regulations


You cannot complete the account setup without linking at least one valid bank account.

Recommended Bank Accounts:
A savings account in your own name

A joint account (only if you are the primary or one of the account holders)

Not Allowed:
Third-party bank accounts (not in your name)

Minor accounts (unless opening a minor Demat)

NRI accounts linked to resident trading accounts (and vice versa)

Ensure the name on the bank account matches your PAN to avoid rejection during verification.

Yes, you can link multiple bank accounts to your trading account.

To Add an Additional Bank Account:
1 – Submit a cancelled cheque or bank statement via the BOT application or broker’s portal.

2 – One of the accounts will be marked as your primary/default for transactions.

3 – You can change the default bank anytime by submitting a request.

Linking multiple accounts provides flexibility for managing your funds across different banks.