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Can I open 2 Demat Account with same PAN Card ? How many allowed ?

How many demat accounts one person can open with one PAN card in Zerodha, Upstox, Angel One? Can I open two Demat Account with same PAN Card ? 



There are two answers to this situation- Yes, you may open two Demat accounts with the same PAN Card as long as the brokers are different.

You cannot open two Demat accounts with the same PAN Card with the same broker.

For example, if you already have a Demat account and wish to open another account with the same PAN card then same will not be allowed. However, you may register a Demat account with another broker, such as Upstox or Angel Broking using the same PAN Card.

If you're looking to establish a new Demat account, you should look into using one of our connections. It will be beneficial to you and will provide additional benefits.

You will be able to obtain incredible trading education. If you establish a Demat account using our referral links, it is completely free. For comprehensive instructions and prerequisites, please watch the videos.

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