AMA with Zerodha's core team

AMA (Ask Me Anything)
208

@ShubhS9 can you please tell this? @Alwin

209

Once the account is closed, the client cannot reopen the same account with the same user ID. Clients will have to open a new account.

210

Guys we need the app for this trading QnA , itā€™s so good I want to spend more time rather than just on the web. Do we anything on the pipeline for it? Just curious

211

Hey Sarthak, we use Discourse, an open-source forum software, to run TQNA. A dedicated app isnā€™t in the books. However, you can simply use the ā€œadd to home screenā€ option on your mobile browser and access TQNA like any other app. :slight_smile:

If youā€™re interested in how that works, check out Progressive Web Apps.

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212

I asked that may I open a new account in the same broker after the first account get closed?

I know the user ID will be different. But I only want confirmation that an user can create a new account or not in the same broker after the first account got closed? Is it against any rules? @Pai

213

Yep, no issues as such.

214

Ok sir @Pai . So you mean I can open the new account again in the same broker where I closed the account. Right?

Sorry little bit worried so asking it again in full detail.

215

@himudaji Dude, yes, you can close and open accounts as many times as you like. It is all legal. People does it all the time. No need to worry as long as you are calculating your taxes accurately. You can relax.

216

Technically, no :slight_smile: A brokerā€™s internal system may trigger an alert for repeated closure and opening, and beyond a reasonable number, account opening may not be allowed, unless thereā€™s a genuine reason

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217

Oh :joy: My bad. I have only done it twice soā€¦ :sweat_smile:

218

With the same broker right? And yes, we canā€™t do much :joy: as @VenuMadhav sir said.

219

You have already done this? May I ask with which broker?

220

Iā€™ve done this at least 3ā€“4 times with Upstox, Fyers, and Angel One. With Angel One, you cannot reopen a Demat account with the same PAN number within 90 days.

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221

Zerodha itself. I had one old account from 2012 or so when Zerodha launchedā€¦ But out of platform issues from 2020-2023, I closed it out of frustration. :laughing: But then Zerodha started listening to customers again. Here I am back.

3 Likes