What is a primary bank account with regards to a Jainam account?
What is a primary bank account with regards to a Jainam account?
A primary bank account is the main bank account linked to a Jainam account. The bank proof submitted while opening a trading and demat account is linked as the primary bank account.
The primary bank account is used for both depositing and withdrawing funds to and from the trading account.
A secondary bank account is an additional bank account that can be added to a Jainam account. The bank account added as a secondary bank account can only be used to deposit funds to the trading account.
Withdrawal of funds to a secondary bank account is not possible.
RELATED FACTS:
only 1 bank account will be treated as primary and the other bank accounts will be secondary.