No, Demat account is similar to bank accounts. you can't use sbi smart in zerodha platform.
To transfer shares from one demat to another, you need to use the Debit Instruction Slip (DIS) booklet provided by your Stock Broker. Here, you have to enter the names of shares along with their unique ISIN numbers.
Yes, you can link a bank account in which you're a joint holder.
Yes, you can open an account with Zerodha even if you already have a demat account with another broker. According to the Securities and Exchange Board of India (SEBI), an investor can open two or more demat accounts under the same PAN.
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.
The Zerodha 4-digit support code (Z Pin) is a customer's personal identification for placing orders through the Call & Trade desk and for raising support requests. The support code is the new name for the telephone code (Z Pin).
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.
Zerodha is an online discount broker that offers both trading and demat accounts. ... The demat account also holds Mutual Funds. Zerodha offers a 2-in-1 account which is a combination of trading and demat accounts linked together for seamless online transactions.
No, SEBI mandates that only a bank account in your name can be linked to your trading account.
A secondary bank account is an additional account linked to your Zerodha account. The bank mapped as the secondary bank account is used to add money to your trading account. ... You can map multiple bank accounts,. i.e. 1 primary bank account and 2 secondary bank accounts, to your trading account.
Zerodha Broking Limited, the Depository Participant(DP), is a member of CDSL(Depository). If you've opened an account with Zerodha before 15th September 2015, you will have an IL&FS(DP) demat account; in that case, your demat will be with NSDL(Depository).
For the purpose of intraday trading, a trading account is used by investors to trade in futures and options before markets close for the day. ... For intraday trades in the F&O (futures and options) segment, there is no delivery of shares. Hence, a Demat account is not required for intraday trading.
Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Zerodha is a debt-free.
Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
TOTP is a 2FA security feature that prevents the easy sharing of login credentials with third parties, whether knowingly or unknowingly. If it is not enabled, trading is blocked on stocks where the risk of fraud and phishing via sharing and stealing of login credentials is high.
“Good Till Trigger Feature” or “GTT Feature” or “GTT” is a feature which allows You to set certain Trigger Conditions; such that, as and when such Trigger Conditions are met, a limit order as per the Trigger Conditions set by You would be placed on the Exchanges.
The charge for an online account opening at Zerodha is Rs 200 for the Trading & Demat account.