Demat account offers benefits for trading and investing in stocks, mutual funds, and bonds. Shifting to a new broker may be necessary due to various reasons. Transferring a demat account requires proper documentation and steps for a seamless process.
Investors can link only one bank account to a demat account, but can use multiple bank accounts to transfer funds to the trading account. Dividends are directly credited to the linked bank account. It is possible to switch to a different bank account after opening a demat account.