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Is one demat account enough?
Ideally, it is best to have 2 Demat accounts; one for your trading activity and one for your investment portfolio. The remaining Demat accounts can be consolidated with one of these 2. You can consolidate through off-market transactions using your Debit Instruction Slip (DIS).
What if I have more than 1 demat account?
You cannot open more than one demat account with the same DP. You can open a second demat account with the same DP, but with a different combination of account holders. Investors who need multiple demat accounts can open them with different depository participants.
Which is the safest demat account?
Yes, your Zerodha demat account is safe. The demat account is opened with CDSL (Central Depository Services Limited), one of the 2 central depositories in India. Zerodha’s role in the demat account is limited to acting as an intermediary between the customer and the central depository.
You could hold stock in your demat account or in physical form as long as you want. Some people keep it for 1 days while others keep it for 20 – 30 years.
Can two people use the same 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.
Can I hold multiple demat accounts?
Is it safe to keep money in demat account?
Do not keep excess money in your brokerage account. It allows the broker to access your demat account to release shares when they are sold.
Is there any harm in opening demat account?
Annual Charges The first thing to consider while opening a demat account is the annual maintenance fees/charges that most banks charge. However many securities you hold in a demat account, whether it’s one or many, you will undoubtedly have to pay a fee on an annual basis for maintenance costs.
How long can you keep a stock share?
There’s no minimum amount of time when an investor needs to hold on to stock. Investors debating how long to hold their stocks will likely want to consider taxes. There’s no minimum amount of time when an investor needs to hold on to stock. But, investments that are sold at a gain are taxed at a capital gains tax rate.