

It is not advisable as once the funds are transferred to another person’s account and he might deny or run away from you and you cannot complain or file a fraudulent case against him as you authorized and agreed to transfer funds to his account for blocking IPO shares.
Risks of using others demat account: It is not advisable as once the funds are transferred to another person’s account and he might deny or run away from you and you cannot complain or file a fraudulent case against him as you authorized and agreed to transfer funds to his account for blocking IPO shares.
After all, it goes as a goodwill and trust-based task which do not have a legal backbone. demat account opening in India is not that difficult as it makes you depend on others.
IPO Application: Why take the risk when you have the best of the best firms readily available to access at your fingertip, open a Zerodha Demat account in just 5 minutes online, and do IPO investments over the mobile phone via its application. Simplest and the best firm in India and it holds 5 million users in India and is also the most trusted SEBI-approved firm.
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