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#1
17th July 2007, 10:30 PM
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Can i use one demat account with two brokers
I have one Demat account with anand rathi. I have also signed PoA for trading etc. i.e. Anand rathi is both my DP as well broker.
Currently i am sale/ purchase the shares through Anand rathi only. Now i want to change my broker from Anand rathi to a Local broker but i dont want to open a new demat account. Can i use the anand rathi demat account for transacting through the local broker? 
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#2
17th July 2007, 11:27 PM
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Re: Can i use one demat account with two brokers
You can use the same demat account with other broker. when submitting DI slip to the other broker for selling/buying provide your demat details in that.
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#3
18th July 2007, 11:05 PM
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Re: Can i use one demat account with two brokers
Thanks Bhawesh.
Also tell me whether can i sale/ purchase shares through both of the brokers??
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#4
19th July 2007, 06:26 AM
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Re: Can i use one demat account with two brokers
Hi!
You can trade from both brokers with same demat a/c but one thing that you need to check with other broker with which you do not have demat a/c is the extra charges, because in some cases if u use demat a/c of other firm they charge extra charges.
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