No, you cannot link multiple PAN cards to a single Angel One account. According to SEBI and stock market regulations in India, one PAN card is mandatory per trading and demat account. It is used to verify your identity and track your investments. Every individual can open only one account with one PAN in their name.
Why is Only One PAN Card Allowed Per Angel One Account?
As per SEBI rules, a PAN card is a unique identification number. It helps the government and brokers track your trades and financial activity. Allowing multiple PAN cards in one account would create confusion and possible misuse. That’s why only one PAN card can be linked to one Angel One account.
Can I Open Multiple Angel One Accounts with Different PAN Cards?
No, one person cannot legally own more than one PAN card. It is illegal to have multiple PAN cards. If you try to open multiple Angel One accounts using different PANs, it will be considered a violation of rules, and your account may get blocked or rejected.
What Happens if You Try to Link Multiple PAN Cards?
If you try to link more than one PAN card to an Angel One account, your account opening request will be rejected. PAN card is verified through KYC (Know Your Customer) checks, and only one PAN can be used per person. SEBI takes strict action against duplicate or fake PAN usage.
How to Link PAN Card to Angel One Account?
When you open an account with Angel One, you need to submit your PAN card details. The system will verify your PAN through the central KYC database. Once verified, your PAN gets linked permanently to your Angel One trading and demat account.
What to Do If You Have Two PAN Cards?
If you have two PAN cards, you must surrender one immediately. You can do this online by visiting the NSDL or Income Tax website. Keeping two PAN cards is illegal in India and can lead to penalties. After surrendering, make sure your Angel One account has the correct PAN linked.
Can Joint Accounts Have Two PAN Cards?
No, in a demat or trading account, only one PAN card is used — that of the primary account holder. Angel One does not offer joint demat accounts. The account is always in the name of one person, and only their PAN card is used for KYC and compliance.
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