The National Stock Exchange (NSE) on January 20, 2025, issued a circular regarding the Direct Payout of Securities to the Client Demat Account.
The following has been stated: -
•The NSE, BSE, and NCL circulars outline guidelines for a direct payout of securities to client demat accounts. If a verified primary demat account is unavailable, the payout will be made to the clearing member pool account.
•Clients dealing exclusively in index derivatives with cash-only margins may not need a Demat account for equity derivatives.
•Trading members must ensure these clients do not trade in products requiring physical delivery and pay margins in cash.
The detailed circular is given in the document below.
[Circular Ref.No:0027/2025]
