Why my bank account is linked to my demat account in Alice Blue?

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The linked banked account is used to directly deposit dividends in the bank account. It is mandatory to provide your bank account information at the time of demat account opening.

Note that the demat account can only hold securities (shares). It cannot hold money. The dividend is paid in the money which is deposited into the linked bank account.

The customer can change the bank account linked to the demat account anytime by submitting a request.

 

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