Zerodha rolls out option to hold two demat accounts under one login

Zerodha has introduced a secondary demat account on its Kite platform facility for resident individuals, allowing investors to open an additional account using the same mobile number through its Console platform.
The new tool helps Zerodha, which serves nearly 8 million active users across the country, enhance engagement and generate additional revenue through transfer and annual maintenance
fees. The National Stock Exchange (NSE) data shows that as of March 2025, Zerodha is the second-largest broker by active users, trailing Groww.

Benefits of a secondary demat account
As per SEBI regulations, investors are allowed to open more than one demat account in their name, either with a single Depository Participant (DP) or across multiple DPs.
A SEBI study published in its January 2025 bulletin revealed that the number of unique PANs with multiple demat accounts surged from 6.18 million in FY 17 to 37.3 million in FY24. This growth outpaced the overall expansion of demat accounts, which rose 444% to 151.4 million during the same period.

Read more