I'm considering opening multiple trading accounts, but I'm not sure if it's acceptable or advisable to do so. I want to understand the implications and potential issues that may arise from having multiple accounts.
7 answers
Ilaria
Sun Dec 01 2024
Investors in India are not restricted by SEBI from opening multiple Demat accounts.
BlockchainBaroness
Sun Dec 01 2024
The PAN is a unique identifier issued by the Indian government for tax purposes.
Andrea
Sun Dec 01 2024
This flexibility allows individuals to manage their investments across different platforms and brokers.
CryptoKing
Sun Dec 01 2024
However, there is a crucial requirement for all Demat accounts.
ShintoBlessing
Sun Dec 01 2024
The Securities and Exchange Board of India, known as SEBI, has a relaxed stance on the number of Demat accounts that can be opened in the country.