Is it permissible to have multiple trading accounts?

#11
Dear munnabhai
u can have many trading accounts and u can have only 1 demat account and link them to it.but when ever u sell u have to fill a delivery slip and give it the next day before 2 pm or whichever is the cutout time of ur broker if ur demat account & trading account r different. it is generally prefered that demat and trading account be with the same brokeras it save u time and even if ur in another city or busy u can trade because u dont have to fill the slip and then shares will be automastically delivered from ur account
the cost is just RS 250 per year as maintaince charges or free in some case
 

murthymsr

Well-Known Member
#12
Yes it is permissible.
But, if you are long on a stock in one account, and short on the same stock at the same time in a big way, You may come under the microscope.

;)
 

netman

Active Member
#13
you can have as many demat and trading account on different brokers, only thing is your PAN Number should be same and genuine.

having 2 PAN cards is a CRIME and is illegal.

madhava36 : you cannot have two accounts with same broker, cause each broker can give only one account per person/PAN Number, and having 2 PAN is illegal.
 

netman

Active Member
#15
angel81, sending you a PM so you can get me a better deal.


EDIT: ooops, You don't have PM enabled, please do so, many people would like to PM you for angel....
 

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