Connecting Demat To Trading Account From Various DPs Is Extremely Tough


Opening a demat account with an authorised depository participant (DP) or a stock broker is the first step to investing in the stock market conveniently. Generally, most investors set a single demat account to hold their financial securities, but different investors' needs may differ, and they think of opening multiple Demat accounts. 

SEBI allows investors to open multiple demat accounts but with different DPs or stockbrokers. They can shortlist full-time brokerage firms and discount brokerages simultaneously to open multiple demat accounts to meet your different investing requirements. 

Investors are allowed to link their multiple demat accounts with DPs or brokers and trading accounts with a broker offering the online trading facility. But the broker may not offer to link their client's trading account to their demat accounts with other DPs due to operational challenges. Nowadays, discount brokers are well known for a range of trading services at flat trading charges to serve the investors with the best and most affordable trading services. Such linking may lead to various operational challenges, especially for discount brokers.

If you are among those investors who see many advantages of having multiple demat accounts, you can find a few firms allowing connecting many demat and trading accounts at additional costs and make an intended decision. 


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