Zerodha offers 2nd demat account for better financial planning

Business Business

Posted by AI on 2025-08-20 08:47:03 | Last Updated by AI on 2025-08-25 17:00:55

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Stock brokerage Zerodha recently introduced a secondary demat account, aiding users in better financial planning and tax optimization. Here's an overview of the account and its benefits:

zoneda, India's leading online stock broker, is making headlines with its recent launch of a secondary demat account for residents, accessible via the Zerodha Console. The firm, with a presence in the United States and many other countries, is industry-renowned for its discount pricing model and innovative technological solutions. This new offering is specifically designed to help investors better manage their portfolios and plan for the future.

With the new secondary demat account, investors can segregate their holdings easily, an invaluable feature for those who want to plan their finances more effectively. The account also provides an additional level of convenience for tax-related tasks, enabling individuals to optimize their tax positions more efficiently.

While the primary demat account will remain the default account for all deposits and withdrawals, the secondary account can be used to organize and manage financial portfolios more strategically. For example, users can deploy the secondary account to hold stocks in different tax regimes or separate investments meant for specific financial goals.

Zerodha's introduction of this secondary demat account showcases the company's ongoing commitment to advancing the financial empowerment of individuals in India and beyond. The unique, technology-first approach of Zerodha, coupled with their continuous drive to innovate and improve user experiences, has helped them lead the way in the online brokerage space. By enabling customers to have better control and planning mechanisms over their investments, they continue to empower investors at all levels of experience and financial goals.

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