- What does an investor have to do before reactivating their trading account?
- What is the first step in reactivating a trading account?
- What is a Trading Account?
If an investor is looking to trade in the stock market after taking a pause, they have to reactivate their Demat account first before reactivating their trading account.
Since the trading account is considered dormant, they have to clear all the dues, such as transaction fees, before closing their account.
The first step in reactivating a trading account is to repeat the KYC process once again. Along with the KYC process, the investor also has to perform In-Person Verification as well.
A trading account is an account that holds all financial assets like equities and derivatives and differs substantially from several other accounts
Final Thoughts
If an investor has multiple trading accounts linked to their Demat account and is not using their account, they can reactivate it to close down the account to reduce the cost and maintain a transparent flow.
However, if they are looking to enter into the equity world once again, then they can reactivate their inactive trading account by following the process given above to begin their trading and to make the most out of it once again.
