Zerodha Launches New Feature: Investors Can Now Open Two Demat Accounts with a Single Mobile Number

If you invest in the stock market or mutual funds, chances are you’ve heard of popular brokerage platforms like Groww, Zerodha, and Angel One. These apps have made trading and investing easier than ever, allowing users to buy and sell stocks, start SIPs, and invest in mutual funds with just a few clicks.

Until now, investors faced a significant limitation: it was not possible to open two Demat accounts using the same mobile number. This caused inconvenience for those who wanted to manage separate portfolios for personal and family investments, or for individuals investing jointly with partners.

To address this issue, Zerodha has introduced a new feature that allows investors to open and operate two Demat accounts using a single mobile number. The company believes this move will provide greater flexibility, enhance the overall user experience, and eliminate the hassle of maintaining multiple mobile numbers or email IDs.

Why This Matters for Investors

The new feature is particularly beneficial for investors who prefer to:

• Separate personal and family portfolios: Many investors want a clear distinction between their own investments and those made for dependents or family members.

• Manage joint investments: Partners who pool resources can now operate a joint Demat account while still keeping their individual accounts active under the same mobile number.

• Avoid multiple registrations: Users no longer need to create separate email IDs or purchase additional SIM cards just to comply with account-opening requirements.

By simplifying account management, Zerodha has effectively removed one of the common roadblocks faced by retail investors.

Flexibility and Ease of Use

With this update, Zerodha aims to strengthen its position as a user-friendly brokerage platform. Investors now get the convenience of operating multiple accounts without the burden of juggling different login details. The feature ensures that while both accounts are linked to the same mobile number, investors still maintain distinct account structures for their varied needs.

This step aligns with the broader trend in India’s fintech and brokerage industry, where platforms are increasingly focusing on making investment processes smoother, faster, and more flexible.

The Bigger Picture

In recent years, the surge in retail participation in stock markets and mutual funds has led brokerage firms to innovate and remove traditional barriers. Zerodha’s new initiative reflects its strategy of anticipating investor needs and providing solutions that enhance efficiency.

For new and seasoned investors alike, the ability to manage multiple portfolios under one mobile number means less paperwork, reduced confusion, and more control over investments.

Key Takeaways

• Zerodha now allows two Demat accounts with one mobile number.

• The feature helps investors manage personal and family investments separately.

• It removes the hassle of maintaining multiple mobile numbers or email IDs.

• The update is expected to improve flexibility, convenience, and the overall investing experience.

With this move, Zerodha has once again proved why it remains one of the leading brokerage platforms in India—by not only making investing accessible but also simplifying it for millions of users.