I already have a Demat Account. Can I only open a Trading account with you?

I already have a Demat Account. Can I only open a Trading account with you?

Yes, you can easily open a trading account with Swastika by linking your existing demat account. However, we recommend opening a new DEMAT account with Swastika to ensure a seamless and paperless online investment experience.

If you use a demat account from another provider, you will need to submit a physical copy of the Delivery Instruction Slip (DIS) to our office for every transaction. Opening a new account with us eliminates this hassle, making the process more convenient and efficient.


    • Related Articles

    • What are the documents required to open a demat & trading account with Swastika?

      For Indian resident individuals Now you can easily open your account faster and more conveniently with a document-less eKYC process. No need to upload PAN or Aadhar No need to manually enter account number and IFSC No need to upload a bank statement ...

    • I already have shares in my old demat account. Can I transfer them to Swastika?

      Yes, it is possible to transfer shares from another Demat account to Swastika’s account. You will need to sign a DIS (Delivery Instruction Slip), which is generally free of cost. The account holder must be the same person for the transfer. You can ...

    • I already have a demat account. Do I still need to submit my documents?

      Since you already have a Demat account, you do not need to resubmit your documents. You are likely KRA validated, as KRA (Know Your Client Registration Agency) handles KYC registration. Please provide us with your PAN so we can verify your KRA ...

    • Can I open Joint Demat account with Swastika?

      Yes, it is possible to open a joint Demat account with Swastika, with a maximum of three holders. The trading account will be registered in the name of the first holder, and all communication will be sent to the first holder only. A maximum of three ...

    • What is POA in Demat Account meant for?

      POA is a legal document which stands for Power of Attorney. It gives authorization wherein beneficial Owner/you appoint Swastika as a lawful attorney and grant them permission to conduct transactions and transfer shares on your behalf. The benefit to ...