What are the disadvantages with having multiple demat account except having to pay AMC?
I’ve 3 demat accounts, 1 in zerodha, 1 in upstox and 1 in groww. I opened groww account just to explore, it’s good but i don’t know how to use charts in that. I use zerodha for trading and upstox for investing. I tried closing groww account, i sent closure form also. It’s been months since i sent the letter, my account is still active, what to do? Is it okay to keep 3 demat accounts?(I’m a beginner)
Its not good when things is not in your control, u want to close but not getting close even when you request , its bad thing
there are no disadvantages of multiple demat accounts but only one… you have to pay amc for all of these, even those which you don’t use…
you should keep contacting groww again and again…
Make sure you are declaring all your demat accounts to your family members, helps in cases where there’s accidental death.