Can We Have 2 Demat Accounts?

Is it OK to have two demat accounts?

It is absolutely legal to open multiple demat and trading accounts.

You cannot have multiple demat accounts or multiple trading accounts with the same Depository Participant (DP) or the same broker.

Therefore, if you have a demat account or trading account with a DP or broker, you cannot open another account with them..

Is Zerodha really free?

This platform is absolutely free since August 24, 2018. Here, you can make your investments without any commissions. With the help of Zerodha Coin, you can have Direct mutual funds in DEMAT form, with the convenience of one portfolio across equity, MF, currency, etc.

Can shares be transferred?

While transfer of shares from one demat to another can be done online, the more popular method is the manual transfer of shares from one depository to another. There are broadly two types of transfer viz. intra-depository transfer and inter-depository transfer.

Can I trade with two brokers?

Yes you can. Only one trading account can be opened under one broker and this can be done with any number of brokers.

How do I transfer shares from father to son?

Yeah, you’ve mentioned both the options:Change share certificate to your name and then dematerialize to your Demat. Steps as you’ve mentioned.Open Demat in dad’s name, dematerialize into his Demat and then have the shares transferred to your Demat using DIS. You can avoid the RTA process.

Can one demat account be used for two or more brokers?

The only condition is that you cannot have multiple trading accounts or multiple Demat accounts with the same broker or the same DP. … A single Demat account can be linked to multiple trading accounts just as a single bank account can also be mapped to multiple trading accounts.

How many bank accounts can be linked to demat account?

No, you can only link one bank account to your Demat account.

Which bank is better for demat account?

Following are 5 best banks to offer demat account: ICICI Bank. HDFC Bank. Kotak Mahindra Bank.

Is HDFC demat account good?

Zerodha is a Discount Broker where HDFC Securities is a Full Service Broker. Zerodha is having overall higher rating compare to HDFC Securities….Compare Zerodha vs HDFC Securities on Trading & Demat Account Opening Charges.ChargesZerodhaHDFC SecuritiesTrading AMCFreeFreeDemat Account Opening FeesFreeFree3 more rows•Oct 31, 2020

Can I transfer my demat account to my wife?

Yes, you can transfer shares from any account to your account by giving off-market delivery instructions slip to holders DP. There are some minimum charges to transfer the shares.

Which is the cheapest brokerage in India?

Best Discount Brokers in IndiaZerodha.Angel Broking.5Paisa.Upstox.Trade Smart.SAMCO.Wisdom Capital.Tradejini.

Can I have 2 demat accounts linked to the same bank account?

Yes, you can have as many demat/trading accounts that you want, but you can’t have them with the same broker/DP. … You can link the same bank account to multiple trading accounts. When you buy shares, you can send the shares to the same demat through multiple trading accounts.

How can I transfer my demat account to another account?

Online procedure:Click on ‘Register Online’ link.Select the option EASIEST.Fill in the details.Take a printout and give to the depository participant (DP)The DP will further send it to the central depository, which will verify your details. … Login and see your broker list.

Which demat account is best?

Best Demat Account in India – List of Top 10 Demat Account OnlineRankBrokerRatings1Zerodha Demat Account8.60/102Angel Broking Demat Account8.30/103Sharekhan Demat Account8.18/104Edelweiss Demat Account8.14/106 more rows•Jan 10, 2020

What happens if I dont close my demat account?

If you do not pay the AMC for you’re demat account, following things will happen: … To close a dormant demat account; you have to reactivate it first. If you have no holdings and have a dormant account with a broker, they will not allow you to open another account.