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| Discuss Can one have two demat accounts? at the Beginners Guide within the Traderji.com - Discussion forum for Stocks Commodities & Forex; One of my friend has a demat a/c with Integrated Enterprises.. Now, if he ... |
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#1
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One of my friend has a demat a/c with Integrated Enterprises..
Now, if he wants to trade online.. Can he have another demat a/c in his name? He is a salaried person. And what demat a/c (online) would you guys suggest to take up with? |
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#2
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If I am not mistaken, a person can have N number of Demat accounts!!!
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#3
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Oh thanx...
Any links for the source (proof) ? |
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#4
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No sir, I dont have any proof but do not remember reading about any restriction on demat account.
Also I consider Bank accounts at par with Demat accounts, the difference being that in banks you trasact money and in Demat share transactions are done. WE DO NOT HAVE ANY RESTRICTIONS ON HOW MANY BANK ACCOUNTS WE CAN HAVE SO I CONSIDER THE SAME APPLIES FOR DEMAT A/C TOO. Regards R K Karnani |
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#5
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Quote:
![]() Now, coming to the second question .... I need an online share-broking demat a/c. I'm leaning towards ICICI demat... but forum members say it's bad and costly.. Which is the best then? ![]() |
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#6
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Is there any check for applying ipo by a person having multiple demat a/c at the time of allotment of shares.
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#7
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IPO application per PAN number !!! An individual can legally apply only ONCE in an IPO !!!!
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#8
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Quote:
I trade through MOSL and have my demat account with them and is working fine. |
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#9
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Thank you for your information. Is there any check on PAN No. at the time of allotment?
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#10
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No, dont think so..... but if multiple applications are detected will be a legal offence. The allotment may be denied or cancelled!!!
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