yes, if you dont want to sell your stocks but want to shift your holdings to some new broker, its a good news, you can do this simply by visiting CDSL/NSDL website and apply online for demat account transfer. this process sometimes need to be done offline when your current and new broker have different depository.
Can I use same demat account on different platforms?
if you are looking to keep same stocks but want to change broker for better services you can do it. But if you are looking to use your demat account on other platforms lile smallcase, teji mandi or other advisory app you can do this with your existing broker.
Can I give my demat account to another broker ?
yes, you can do this by switching your demat account from current broker to new broker becuase your demat account rest with the depository CDSL or NSDL.
Can i change my stock broker without changing my demat account ?
yes, you can do so. for this to understand you need to know that when you open demat account there are two sides of this account one side is demat which is opened with depository CDSL or NSDL for the purpose of holding stocks, other side is trading account which is opened with stock broker for the purpose of keeping funds and trading of securities. To do this you need to apply for demat account transfer from your current broker to new one and close trading account with current broker.
Do I need different demat accounts for different apps ?
Yes, You need different demat account for using different apps like you cant use upstox pro with demat account in zerodha and you cannot use kite app with demat account in upstox. you can use different apps by either transferring your demat account or by opening new demat account with that other app/broker.
Can I open multiple demat account ?
yes, you can open as many demat accounts you want in india.
what are the conditions for multiple demat account ?
In india there is only one condition for multiple demat account which is mentioned below –
- you can open only one demat and one trading with one stockbroker, if you wish to open another demat/trading, you need to open with another broker.
other than this there are a lot of flexibilty or freedom for multiple demat accounts which are mentioned below.
how many demat account one can have in india ?
there is no restriction on maximum no of demat account from SEBI. so you can open as many demat accounts you want.
Can i open one demat and multiple trading account?
yes, you can open one demat account with one broker and can open only trading accounts with many other brokers. watch this video to have full clearity about this
TOPIC:- https://youtu.be/nQ3osstYCsI
Can i open one trading and multiple demat account?
no, one demat account must have a trading account too with same broker so that when you sell stocks you can receive funds in your trading acount. though indian market is evolving very fast so there are many new brokers who may offer you only demat accounts for the purpose of holding stocks only.
can i shift my demat holdings from one demat account to other ?
yes, you can shift your demat account holding from one broker to another but only the stocks not the derivatives position. you need to clear all your derivatives position before switching demat accounts. this can be done online by vsiting depository website like CDSL/ NSDL.
Can I use same demat account with different brokers ?
