Linking demat and trading account

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seemajoshi (Querist)
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19 June 2014 Hi experts,
I have ICICI demat and brokerage/trading account.
I want to open account with another trading company called zerodha. But they are asking me to open demat account also. They told me that since my ICICI demat and trading account are linked to each other, when I sell my shares, I will have to pay ICICI brokerage also.

Is that true?

Can't I use demat account from ICICI and trading account from zerodha?

Thanks in advance

Nikhil Kaushik

Nikhil Kaushik (Expert)
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19 June 2014 1. it is incorrect that you have to pay brokerage to ICAI trading for shares sold throw zerodha...though you will have to pay the demat charges to ICICI

2. I would suggest, on ground of convenience and smooth operations, that you have demat and trading account with one service provider only...

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