Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can there be a mix up of securities of different companies held in one demat account?

April 26, 2017account companies demat different held mix securities

0

Posted

Can there be a mix up of securities of different companies held in one demat account?

2 Answers

0

Posted

Different securities, even if of the same issuer, are given a separate ISIN to identify each one of them and each ISIN is maintained and accounted for separately, within an account. Therefore there is no question of any mix up at DP’s end.

0

Posted

Different securities, even if of the same issuer, are given a separate ISIN to identify each one of them and each ISIN is maintained and accounted for separately within an account. Therefore, there is no question of any mix up. However, BOs are advised to indicate the correct ISIN while issuing any instruction.