I had 100 shares of ABC and sold 50 shares. From which DP account will the shares be debited?
If you have multiple demat (DP) accounts linked to your trading platform, all buy or sell transactions will reflect in your primary DP account.
For instance, suppose you hold two demat accounts. Your primary DP contains 100 shares of ABC, while your secondary DP holds 50 shares of the same stock. When you place a sell order for 50 shares, the shares will be debited from the demat account designated as your primary DP.
If you want to switch your primary DP or if you want to link a new demat account to your trading account, you need to send an email to customercare@geojit.com from your registered email ID. In case the new demat account is a joint account, then you have to approach the nearest branch.
Read More : How can I delink a demat account that is linked to my trading account?
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