Table of Contents
Can I invest in both BSE and NSE?
Yes. Remember BSE and NSE are just exchanges, through which you can buy shares.
Can one demat account be used for two or more brokers?
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.
Can one person have 2 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 transfer my shares from Groww to Zerodha?
Yes, you can transfer your existing shares in another broker’s demat to your Zerodha demat account. 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.
What is better Groww or Zerodha?
The brokerage of Zerodha Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to Groww. Zerodha is rated 4.5 out of 5 where Groww is rated only 3 out of 5.
What is DP name for Groww?
The Groww CDSL DP ID is 12088700.
What is the difference between NSE and BSE and Demat account?
BSE and NSE are the market places , from there you buy or sell and your DEMAT account is the “account” showing those buying or selling activities. If you bought something that is shown as holding in your DEMAT account and once you are holding something it becomes irrelevant as from which sources you bought that.
Can I buy the same company share from NSE and BSE?
You can buy same company share from NSE and BSE, in Intraday trade you have to sell/buy the stock in same exchange, But if you have delivery share or holding it in demat account you can sell it in different exchange too.
You will require a demat account and a trading account to buy shares in the market. A demat account is a repository of your shares. You cannot transact on your demat account. You can only transact on your trading account. Hence when you buy equities, you need to execute the trade in your trading account.
What is the difference between a Demat account and bank account?
The difference between a Demat account and a bank account is that a Demat account deals with shares, and in the bank account, you can hold cash. It is also possible to transfer your shares from one Demat account to another.