You cannot open more than one individual demat account with one PAN card in Zerodha. However, if you already have a demat account with Zerodha and want to open a second joint demat account with the same PAN card, that is possible to do so.
A discount broker is a broker who offers an online platform for buying and selling stocks and charges a lower commission than other brokers for their services. A discount broker, however, does not advise clients on investments or carry out analyses on their behalf. Discount brokers offer an online platform for trading and investing; all you need is a demat account to get started.
Yes, Zerodha is one of the leading discount brokers in India. It provides trading at the NCDEX, MCX, NSE, and BSE. Zerodha has affordable fees and even provides free equity delivery trading. The web and mobile trading platforms are intuitive and beautifully designed for better user experience. There are many top-notch research tools available in the Zerodha platform which can be used for technical analysis.
Opening an account with Zerodha is super simple. You will have to follow a few steps and you will be ready to make investments through the Zerodha platform.
Note that in order to open a demat account with any broker, you must have a valid PAN card with your photo and signature clearly visible.
In simple words, one cannot open multiple demat accounts with one PAN card in Zerodha.
However, there is one situation in which Zerodha allows you to open more than one demat account with one PAN card.
Let's suppose you have an individual demat account in Zerodha and now you want to open a joint demat account with the same PAN card. Then it is possible, but even in that scenario, you can't open another trading account with the same PAN card.
In Zerodha, you can only open one individual demat account with a single PAN card, but it is possible to open a joint account as well using the same PAN card.
Now, if you have decided to enter the stock market, you can open a quick online account with Zerodha, the no.1 stock broker in India.