Can a trading account be opened without opening a demat account?
No, you cannot open a trading account without opening a demat account. A Demat account is required in cases where an intraday equity trade is not squared off by the end of the day, resulting in the delivery of shares to the account. It is also necessary for stock F&O contracts that are settled through physical delivery upon expiry. To ensure smooth trading and settlement, a trading account cannot be opened without a Demat account.
