Can More Than One Demat Account Be Opened With Zerodha?

Last Updated: Mar 19, 2024 Value Broking 1 Mins 2.4K

Yes, it is possible to open multiple demat accounts with Zerodha, even if each client may only open one trading account. In particular, a person is permitted to hold both a solo and a combined demat account. It’s crucial to remember that even though you can open two demat accounts, you can only link one trading account to each client.

In practical terms, this means that if an individual decides to open both an individual demat account and a joint demat account with Zerodha, they will still only be able to operate one trading account, which will be linked to their individual demat account. The joint demat account, therefore, would exist separately and may have different joint holders and can have a separate trading account linked to it with the help of ticket creation. 

This setup allows for flexibility in managing investments, accommodating different ownership structures for securities holdings, while ensuring that each client maintains a single trading account for streamlined trading activities.