I have a standard Account filed which is required and I need to make it to be not required in particular layout.
Could you please advise how this can be achieved?
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Standard required fields are required. You can't make them optional. I have heard of people making Visualforce pages to set those fields to some value "behind the scenes", but they're still populated with some value. That's a lot of code to write just to add the convenience of a single field not being required.
I used this scenario to change two required fields in 'Contact' object to not required. Steps - Go to setup - click object manager - find and choose contact - click fields and relationships - click the drop-down (extreme left side of the row) - click edit - Scroll down the page - In general options, uncheck 'Always require a value in this field in order to save a record' - click save. And it's DONE! :)