Dp is not required for trading f&o... In most of the so called big brokers, it is set as a rule, so the RM you are speaking to might be told that it is a rule for one of the two reasons...
1. AMC charges, can be charged only on DP account..
2. If he is listed, then number of dp accounts a broker holds matters in valuations... So he might enforce a demat... I know a few brokers who go to the extent of not closing accounts even if asked for....
1. AMC charges, can be charged only on DP account..
2. If he is listed, then number of dp accounts a broker holds matters in valuations... So he might enforce a demat... I know a few brokers who go to the extent of not closing accounts even if asked for....