Can I open trading account with salary account?

Many banks offer a free demat account and a free investment account along with salary account. If you plan to restrict yourself to mutual funds and fixed deposits, there is no need of a demat account. You mays simply refuse to open a free demat account. You can open it anytime you want in future.

Does Zerodha open demat and trading account together?

If you want to trade in both equity and commodity, then you need to pay an account opening charge of Rs 200+Rs 100 = Rs 300. However, if you want to trade just in equity (stocks), then you need to pay the charge of Rs 200 only. Now, there are two ways to open a demat and trading account at Zerodha: Online method.

Can I open an account with Zerodha if I already have a demat account with another broker?

Yes, you can use your existing Demat account but it would be better if you open another Demat account with Trade Smart Online.

Is it good to link salary account with demat account?

Money from your savings account gets automatically debited/credited and shares get credited/debited to your demat account. Interlinking your saving accounts with your demat account gives you the convenience that is much needed while dealing in the stock market.

Which account is best for salary?

Best Salary Account in India 2021

• HDFC Regular Salary Account.
• Axis Bank Prime Salary Account.
• SBI Corporate Salary Package.
• Kotak Platina Salary Account.
• Citibank Suvidha Salary Account.

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.

Can I use my SBI demat account in Zerodha?

No, Demat account is similar to bank accounts. you can’t use sbi smart in zerodha platform.

Can I have 2 Demat account?

Investors are legally allowed to open two or more Demat accounts, so long as the accounts are opened against a single PAN number. The securities purchased through multiple Demat accounts are attributed to the unique PAN number. You should link your PAN number to every demat account you open.

What is interest rate on salary account?

Savings Account

	Salary account	Savings account
Minimum Balance	No Minimum Balance	Minimum Balance Required
Convertibility	If the salary is not credit for 3 consecutive months, it is considered as savings account	One can convert to salary account , if the bank allows
Interest rates	No Interest paid	4\%-6\% interest is paid

How to open Demat and trading account at Zerodha?

Now, there are two ways to open a demat and trading account at Zerodha: Using the online method, you can open your account with Zerodha within 15 minutes, if you have all the required documents. However, in the online method, to complete the eSign process, you will have to authenticate it with an OTP.

Can I open a Zerodha account through salary account?

Yes , you can use salary account for trading account or to open a demat account . Nobody questions your tranasactions whether you are doing with zerodha or other retailers.

Can I open a salary account without Demat and trading account?

So If you want to use your Salary account, then you only require Demat and trading account. you can open those account in any organization. Yes, you can. A salary account is very similar to a Savings Bank account in the name of an individual/beneficiary who has complied with all the KYC requirements.

Which is the best Demat and trading account in India?

Finally, after researching a lot, I opened my second demat and trading account at ZERODHA. Zerodha is the biggest discount broker in India with over 30+ lakhs customers. The charges offered by Zerodha are nominal and the trading platform provided by it is also fast and friendly.