Can we have 2 demat accounts linked to same bank account?

It is absolutely legal to open multiple demat and trading accounts. You cannot have multiple demat accounts or multiple trading accounts with the same Depository Participant (DP) or the same broker. Therefore, if you have a demat account or trading account with a DP or broker, you cannot open another account with them.

How many applications can ASBA have?

How many applications can be made from a bank account? Only one application can be made from a bank account in a Public Issue. In case of Rights Issue, more than one application can be made upto rights entitlement being applied for.

Is it OK to have two demat accounts?

Investors can open multiple demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one demat account with the same DP. You can open a second demat account with the same DP, but with a different combination of account holders.

Can I have 2 trading accounts?

Yes, you can legally have multiple stock trading accounts but each one of them should be with the different broker. It is not possible to have more than one trading account with the same broker. In a similar way, an individual can have multiple demat accounts but each one of them should be with a different broker.

How do I reapply for an IPO?

To withdraw an application, go to the order book, select the IPO and withdraw. The blocked money will be released in a day or two. In case the online option is not available to cancel your bid for IPO shares, please contact the broker or bank, through which you have applied in the IPO.

Can I apply in IPO through multiple demat accounts?

It’s a rule and if you apply in an IPO through multiple applications with the same name or the same Demat account or same PAN Number, all your applications will be rejected. If you would like to place the order for multiple applications, then it is recommended that you apply using each of your family members’ name.

Can I apply for multiple IPO applications with same Pan number?

It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected. If you would like to place order for multiple application, it works if you apply one each of your family member’s name.

How do I apply for multiple applications in a Demat application?

If you would like to place order for multiple application, it works if you apply one each of your family member’s name. But again all eligible family members should have a demat account and a PAN number.

Can I apply for an IPO through two different DP’s?

Optimize return on investment for marketing spend, guided by experts from MIT. No. You should not. If you apply for an IPO through different DP with same PAN Card number the system will reject your both application. Because the system is mapping your PAN Card.