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Can I have multiple trading and demat account?

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Can I have multiple trading and demat account?

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.

How many trading and demat account one can have?

You can only have one demat and trading account with one stockbroker. Multiple demat and trading account helps in maintaining the investment and trading portfolio differently. A trader should be aware of the charges which comes with a demat and trading account with different stockbrokers.

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Is commodity account and trading account same?

Commodity Trading Account in India). Similar to an Equity Trading Account, you will have to transfer funds into your Commodity Trading Account before trading Commodity Futures (Commodity Options have still not started in India). All settlements again are done on a T+1 day basis.

Can I transfer shares from one demat account to another?

There are two ways to transfer your shares or holdings from one Demat account to another. Trading through a Demat account is just like making transactions through a bank account. The only difference is that you transfer shares through the Demat account instead of money.

Can I have two demat accounts in Zerodha?

You can’t open more than one trading account with Zerodha. You can open more than one DEMAT account.

Can I hold 2 demat accounts?

Investors are legally allowed to open two or more Demat accounts, so long as the accounts are opened against a single PAN number. The securities purchased through multiple Demat accounts are attributed to the unique PAN number. You should link your PAN number to every demat account you open.

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Can we transfer shares from one demat to another?

How can I add commodity trading in Zerodha?

How do I open a commodity account?

  1. Log in to Console .
  2. Under the commodity segment, click on the Activate segment button.
  3. Click on the Commodity account button and then Continue.
  4. From the dropdown, select the income range, Trading experience & Commodity trade classification.