February 14, 2010
Can I Link My Existing Online Dp A/c With Trading Account Of Other Dp’s?
I have Online trading account and demat account in religare.
Now I want to open a new trading account (not DP) with kotak and link my existing DP of religare to that a/c.
Is it possible??
as per SEBI regulations, you are at liberty of doing it.
Religare, Kotake are best in the trade.
when you have DP with one and trading with others, it may result transaction cost more – and you may have to face some teething problems.
Anyway you are not permitted to hold more than one DP account.
you can have more than one trading account – but managing more trading accounts has its own difficulty.
there is nothing wrong with your trying.
I am not sure whether you can open an account with Kotak but I can surely tell you that you can link it to Reliance money co. which will create Demat account from others. So if you want a 1st hand experience of reliance money you can do it now you can also visit http://www.reliancemoney.com