Can multiple bank accounts be linked to a demat account?

Yes, most brokers allow more than one bank account to be linked to a single demat and trading account, though there’s usually a designated ‘primary’ bank account used by default for withdrawals and other transactions unless you specify otherwise at the time of a request. Adding a secondary bank account typically requires its own verification, similar to the primary one, often involving a cancelled cheque or bank statement and sometimes a small penny-drop verification transaction to confirm the account is genuinely yours. This is useful if you want flexibility in where funds get withdrawn to, but every linked account still has to be in your own name; brokers don’t allow withdrawal to a third-party bank account under any circumstances, as a standard anti-fraud safeguard. You check the broker’s specific process for adding a secondary account, since some require it to be done through customer support or a formal request rather than a self-service app feature.