Do I have to open a Demat or a Broker account? In case if You have been granted incentive units, So there is no need to open either Demat or Broker account. You will receive cash pay-out in you salary account. Updated on August 11, 2020 Was this article helpful? Yes No Related Articles How is the SARs calculated? Do I need to make payment for incentive units? Can I get shares instead of cash-payout? Can I avail of loan for funding? What is Funding? When would shares be transferred to my Demat account?