How can i open multiple demat accounts for same person

Is One Mobile Number |But Different Person| Can They Open De-mat A/c Still Relevant

Multiple De-mat accounts

Many of them prefer to open multiple De-mat accounts for commercial purposes. It is legal when you open the same person’s account under a different broker.Here we are talking about opening an account for two different people under the same broker with the same mobile phone number.

Can i open different demat account with same mobile number?Let me tell you - there is no such thing as a specific location for a mobile phone number. We know that a De-mat account is linked to a bank account and, most importantly, a PAN card. So if both of these things are different then consider that there will be a problem with account opening. Even then you can ask this to your broker.

Can i open different demat account under one broker? Talking about opening multiple accounts for the same person then you can't open a 2 seperate account for person under one broker. Although you can open a De-mat singles account under a separate separate sub-broker.

Is opening multiple demat account beneficial?On most accounts one trader says it is profitable for them. Use earnings or dividends when trading and investment portfolio. And the reason for most De-mat accounts is the provision of brokerage.

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What is difference between discount broker and full time broker?Many brokers as discount brokers offer trading at low bargain prices. But they do not provide trading calls. While full-time brokers offer trading center calls but with higher trading prices.

Some market traders therefore recommend to get the satisfaction of both other people who open multiple De-mat accounts. And market players have many more strategies after the opening of multiple accounts.

But there is another side to this, with some brokes claiming that most accounts are useless. In fact it increases our costs by doubling the maintenance charges, Sometimes when you sell shares, quoting incorrect DP details can lead to shorter delivery.

All data accounts are connected to your unique PAN so it is useless to use multiple IPOs or any other such benefit.

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