Multiple Trading and Demat Accounts in India

Posted on 1st Mar 2016
by Admin

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Online brokers come with different plans, some are better than others and many offer different features and services. There are plenty of reasons why one should limit to himself with just one trading account, but these days, trading accounts are so easy to open that the majority of investors have at least two or more accounts.

Can I maintain multiple trading and demat accounts in India?

Yes, one can maintain multiple trading and demat accounts, but it should be with different brokers & DP services. So with same broker and same DP service, answer is no.


  • To use specific feature of brokers. Like free equity delivery trading with Zerodha & RKSV.
  • Take advantage of free trading platforms.
  • To overcome from losses from broker's technical failure, in such case you can switch to another account and easily hedge that trade.
  • Taking advantage of margin money with different brokers on different segments.


  • Annual maintenance charges for multiple trading and DP accounts.
  • Keep track of multiple account, login information & tax documents.

Can I map multiple trading accounts with one DP account?

Yes, one DP account can be mapped to multiple trading accounts, but on debit side(sell side) you can use only POA trading account.

I have trading account with Discount brokers, but I can't invest in IPO and Mutual Funds, can I open another account with full service brokers?

Yes, you can open multiple trading accounts, one or more than one with discount brokers and full service brokers.

Can I link same bank account with multiple trading accounts?

Yes, one bank account can be linked with multiple trading accounts.

What if both brokers have same DP service provider, will the DP like ILFS issue two separate Demat Accounts for same person?

No, they can't open two DP account with same person. In such case you need to link both your trading accounts with one DP account. Nowadays, each broker company is opening their own DP service, chance of this issue is very low.

Final Thought:

There are advantages and disadvantages, one need to decide as per their need and expenses. The solution, therefore, is to open up a second account only if you have a real need for it and to keep both accounts separate at all times.


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User Comments

3. Vikram Kumar  Oct 6, 2017 10:49:22 AM IST Reply

1) I tried to open a new account with Zerodha using my ICICI account and they messed up the application mid-way and I am unclear about the status of my account with CDSL.
2) Now I want to open a trading account with Angel Broking using the SAME BANK Account as Zerodha and create a new Demat account with CDSL.

Is this possible? Specifically, can I have one ICICI Bank account linked to 2 demat accounts (both with CDSL) via different brokers?

Kindly Advice
2. ashish  Sep 2, 2016 12:32:17 PM IST Reply
Can i add two dmat account to one trading account.
2.1. YSB Team  Sep 3, 2016 6:28:37 AM IST
Hi Ashish,

Yes, you can add two demat accounts with one trading account.

TSB team
1. Aditya  Mar 28, 2016 6:55:52 AM IST Reply
I have trading account - icicidirect. Is it ok for me to open a new trading account with Discount brokers without closing my existing setup with ICICIDirect.
4.1. Vijay  Mar 28, 2016 7:19:26 AM IST
Yes, You can open multiple trading accounts, only issue is you have to maintain and spend money in AMC.

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