Please DM your id or ticket number, we’ll check.
Yesterday, I sent the ID details via message.
This error occurs when we have already transferred the shares to the secondary demat account and are checking their availability in the secondary demat by attempting to transfer them back to the primary.
My account is with zerodha. My minor son account is with zerodha with same mobile and e-mail id. Now I want to open my minor daughter account and my spouse account with zerodha with same mobile and e-mail. Is it possible to open accounts with this same mobile & e-mail?
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This is being debugged, should be fine in a day.
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You can use either your existing contact details or new one to open a minor account online.
However, to open an account for your spouse, you’ll need to provide a separate set of contact details.
I got my secondary demat created. Could someone pls guide me on how to buy stocks using secondary demat? Do we get a separate Kite login?
Hi @Asterix
You can only transfer shares from your primary demat to secondary demat to hold them for long term and tax optimization. Buying can be done only via primary demat
Check out our article(s) to know more info:
Those excited about the secondary demat a/c, consider the below:
- You will need to pay additional 300 + 18% GST per year (in addition to your primary a/c)
- Each transfer is 25 + 18% GST (I guess CDSL transfer charges are on top of this)
- No Collateral / pledge on the shares held in secondary demat
A simple solution is open another trading - demat account with another broker, where you buy shares for long term. You can segregate your long & short term w/o additional charges.
If Zerodha really wishes to promote this secondary demat a/c concept, then remove the AMC & transfer charges.
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One more addition is
All comes at a cost to us, there is lot of operational work involved in maintaining this. If not other brokers would have done this by now.
Also users should note we are the only big broker who won’t charge for delivery as of now, placing 3,4 orders per quarter covers for AMC.
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Secondary demat shows the shares now , thanks.
- Now I can see another small issue , I expected this and mentioned previously . It shows a discrepancy error in the holding page. That means the trades are not captured properly and date / price details may be missing .
- There is no option to change or update the tags
The zero delivery brokerage feature ensures that investors can buy delivery-based stocks or ETFs in small quantities without incurring transaction charges. This makes it ideal for those who prefer small, systematic investments over time or wish to accumulate assets during market corrections without worrying about brokerage costs adding up. Even a small purchase of ₹1–₹1000 becomes viable, as there are no hidden charges eating into returns.
In comparison, One of my broker charge a minimum brokerage of ₹5 to ₹20 per delivery trade, regardless of the order size. A ₹1000 purchase with a ₹5–₹20 brokerage results in an immediate cost drag, which erodes the compounding benefits of frequent micro-lot investments. Over time, this becomes a silent wealth leak for investors building positions gradually.
Additionally, the secondary account acts as a “Vault”—transferring shares to the primary account takes time, adding friction that helps prevent impulsive selling during market noise. It also provides an extra layer of security when others have access to your primary trading account, ensuring long-term investments remain isolated and protected from instant selling. This safeguards against situations where a child or someone else might accidentally sell your holdings, which could disrupt your investment plan and trigger unnecessary tax liabilities.
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Hi @sandeep_cs
The buy average for stocks transferred to secondary demat is being checked. This will be fixed soon.
We’re also looking into the tagging bit highlighted by you.
What is stated by Nitin can be achieved by investors, by opening an a/c with another broker who does not charge AMC & has free brokerage for delivery (There are plenty in the market)
There will be a cost for everything which is obvious. But there are brokers who offer free AMC & no brokerage delivery orders. In this case, it is just a fancy feature which the investor can get w/o the additional costs put by Zerodha.
This way there is no way for user to give it to panic and sell. so it is like forcing user not to sell, where user initial thought is to hold for long term, user gets a day to think about that decision, if it is with other broker user will go and directly sell and this secondary demat is to cover that case.
There is only one other broker I know, rest all are are charging for delivery.
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I repeat again, the same can be achieved with a demat a/c with another broker who provides AMC & delivery brokerage free.
Maybe if you search you will know.
Bottom line this is just a fancy feature. If Zerodha really wants to make this meaningful for customers, remove the additional AMC charges & transfer charges.
This ‘selling of stocks in fear’ which is being sold as USP for this feature is generally applicable for small investors for whom each cost component matters.
can we pledge the holdings in secondary account and use that margin in the primary account for the trading options?
Hey @Yogesh_Sonawane
Currently, pledging stocks for secondary demat is not permitted. We shall update once it’s available.
My one on Zerodha is already an LT account, so a secondary on top of that will mean an LT within an LT.
A porfolio split would be nice within the same account, some stocks stay hidden/masked/segregated - u get nice little buckets of ST trades and LT positions. This could also be done as all the ones on a loss on one side and the profitable ones in another - red and green portfolios.
2 portfolio, 1 demat. 
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