How do multiple demat accounts work?

General
1

Hi

I have only one demat account with another broker at the moment, and planning to open a new demat account with Zerodha.

Q: suppose I own the same company in both demat accounts, how do corporate actions work? For example, if I get dividend, will I get 2 dividend payouts (and 2 TDS certificates from company) per demat account or just one?

PS: If you can add any other useful info about to know about multiple demat accounts for an investor, pls do.

Thanks in advance!

2

2nd account will have to be as a HUF or a company. Zerodha only allows 1 account/PAN unless it’s joint account.

In case of joint account, tax liability is on PAN of first holder.

3

thanks, but was not asking about two demat accounts with zerodha, but with two different brokers.

1 Like
5

bump

6

Can’t we link multiple trading accounts of same person with one demat account?

7

I am in a similar position. But, I don’t care how this works. Anyway, I will be getting a distribution in a couple of months. If there are no answers until then, I will let you know how it worked for me. :grin: