Can I have multiple DP ID

General
1

Can I have multiple DP ID.

before joining zerodha I was trading through SBICAPSEC. I was registered to CSDL and was given a DP ID for IPO applications.

later when I opened my account with zerodha I again got registered with CSDL and was given new DP ID for IPO applications.

I know that DP IP consists of Depository ID + Beneficiary ID. and Depository ID is unique for each Depository. so even if my earlier Beneficiary ID would have been used, then also I would have got a new unique Demat ID.

My question is why I was allotted a new Beneficiary ID, when I was already having one ?
will there be any problem because of this.

2

Yes, you can. Since the accounts are with different brokers a new beneficiary ID will be created.

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3

Technically you can even have Zerodha connected to your SBI DP Account

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4

will there be any complications because of having multiple DP ID

5

A demat account is like a bank account for shares, you can have as many. The only complications are in terms of managing multiple accounts and having to pay AMC on each of the accounts.

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6

Ok thanks mate for guidance.