Can I link multiple bank accounts to my demat account? MintGenie answers

livemint.com:

demat account requires several mandatory requirements, with a bank account being one of them. In the digital era, trading has shifted entirely to electronic platforms, facilitating online transactions and ensuring swift processing of trades. While the primary bank account linked to the demat account serves as the designated account for fund transfers and settlements, investors often wonder if they can link multiple bank accounts to their demat account for added convenience and flexibility in managing their investments and funds.

Also Read: How to reactivate a dormant demat account? MintGenie explains In this article, we'll explore why linking a bank account to your demat account is essential and delve into the process of transferring funds. We'll also discuss whether investors can link multiple bank accounts to their demat accounts. If you're considering investing or trading in stocks independently, you'll need a demat account.

Similar to opening a bank account where you submit required documents, opening a demat account with a depository participant (DP) follows a similar process. To initiate the demat account setup, you'll need to provide your address proof, PAN card details, and bank account details to the DP. Once submitted, the DP will link your bank account to your demat account, enabling smooth and direct fund transfers between them, allowing for seamless deposits and withdrawals.

Many DPs are now offering the convenience of adding funds through UPI. Also Read: Demat account: How to choose the right depository participant? Here are the important factors to consider Further, dividends and other corporate cash benefits from the company are directly credited to the bank account linked to the demat account. DPs only