How to merge two demat accounts on Zerodha

Tue, 12 May 2026 00:00:00 +0000

Investors who have opened demat accounts at multiple brokers over the years often want to consolidate their holdings into a single account. This is a sound housekeeping practice that reduces annual maintenance charge (AMC) payments, simplifies portfolio tracking, and avoids dormancy-related complications at secondary accounts.

A direct merge of two demat accounts (where the accounts are combined into one under the same BO ID) is not possible under the SEBI Depositories and Participants Regulations, 2018, or under CDSL’s operational framework. Each demat account has a unique BO ID that cannot be combined with another. The correct approach to consolidation is to transfer all securities from secondary accounts to the primary account using off-market transfers, then close the secondary accounts.

Merge Demat Accounts on WebNotes

How to merge two demat accounts on Zerodha