Can I use my fathers bank account to fund my Zerodha trading account?

No, SEBI mandates that only a bank account in your name can be linked to your trading account.

Can I let someone else use my bank account?

You can name a friend or family member to act on your behalf by creating and signing a document called a power of attorney (or “durable” power of attorney). In that case, your bank account can remain in your name only, but the person you name in your power of attorney – your “agent” – can help you with banking.

Can I use my parents demat account?

No. You could not. If you want to open a Demat Account it is better to take a PAN card in your name.

Can I invest in stocks in my mother’s name?

There is no problem, if your mother give her consent that you can transact investment of share trading on behalf of her where demat account should be in the name of her and transaction of investment will run through her bank account as mentioned at the time applying for demat account.

Can I use others bank account in Zerodha?

Yes, you can link a bank account in which you’re a joint holder. The procedure is the same as linking a normal single holder bank account.

Can I transfer funds from bank accounts that are not linked to my Zerodha account?

Can I transfer funds from bank accounts that are not linked to my Zerodha account? No, you will only be able to transfer funds from bank accounts that are linked to your Zerodha trading account.

What happens if I use someone else’s bank account?

When an unauthorized person debits your bank account, you generally must report the fraud within two days of the offense. You could be held liable for up to $50 in charges. After those two days, the amount of liability increases to as much as $500.

Should I use my dad’s bank account to manage his investments?

No. Say the account profits money. Then YOU are responsible for the taxes not your dad. Even if he is willing to pay them, you need your income to represent your actual income. If he wants you to manage him a portfolio, use his bank account with his money. Wouldn’t my dad be responsible for the taxes sincd it’s in his ssn?

Can a co-owner of a bank account be disinherited?

Creditors of either owner can use the account to satisfy debts. An account can be drained if the parent or child has unpaid debts. Siblings could be disinherited. Depending on the terms of the account, the money could go to the co-owner when a parent dies.

Can an adult child be a co-owner of a bank account?

As the co-owner of a joint bank account, an adult child has the same privileges as the parent. With that access, the child can: Help the parent identify fraudulent activity on the account. The Consumer Financial Protection Bureau estimates financial exploitation costs older Americans $2.9 billion each year.

Does a bank account have to go through probate?

The account will not need to go through probate before it can be transferred to the survivor. Most bank accounts that are held in the names of two people carry with them what’s called the right of survivorship. This means that after one co-owner dies, the surviving owner automatically becomes the sole owner of all the funds.