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I have a Demat account with another broker. Do I need to open another Demat account with Anand Rathi?

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Yes, as per new SEBI regulations, it is mandatory to open a Demat account with a trading account.

You need to transfer the holdings from the old Demat account to the newly opened Demat account with Anand Rathi to sell from Anand Rathi. Alternatively, if there is no AMC levied on the old Demat account, you can retain the holdings there and sell through the existing trading account.



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