✅ 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.
