Investors are on a roll, in India, right now. While it is mandatory to have a Demat account in India if you are a trader, investors who are investing excessively want to know if more than a single Demat account can be maintained. Typically, a trading account is linked to any Demat account, and this is, in turn, connected to a bank account.
Briefly put, it is absolutely legal and proper to have more than one Demat account with no restrictions on the number of accounts. Nonetheless, you may think you have the top Demat account in India and the best trading account in India with low charges attached, but you should comprehend what more than one Demat account entails. As you are entitled to have several savings accounts, so you can have Demat accounts that way as well. For instance, you may open a free Demat account with your bank and another one with an ace broker, Motilal Oswal. Since every Demat account opened is mapped and aligned with your PAN Card, you can have multiple accounts linked to a single PAN Card. Therefore, all your stocks, shares, bonds securities, etc, you possess across total Demat accounts in India, are mentioned as your property in an organized manner.
The Pros and Cons of Multiple Accounts
Having learned that you can open many Demat accounts under your name, you may well go searching for the top 10 Demat accounts in India. However, before you do, you should know some information. The following will give you some idea of pros and cons of having numerous Demat accounts as well:
Invest with the Best
When you open a top Demat account in India with Motilal Oswal, you may not have a need to open any other. With technology and guaranteed satisfaction, Motilal Oswal meets any investor’s complete requirements.
Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account | Upcoming IPO | LIC IPO