What is a primary bank account on Lakshmishree, and how is it used?

Your primary bank account is the main bank account linked to your Lakshmishree (Shree Varahi) trading and demat account. It is registered with:

  • Stock Exchanges (NSE/BSE/MCX).
  • Depositories (CDSL).
  • Company RTAs (for corporate actions like dividends and buybacks).
     

Uses of the Primary Bank Account:

  • All dividends, SEBI payouts, and referral earnings are credited to this account.
  • Fund withdrawals from Lakshmishree are processed to this account.
  • Cannot be removed unless replaced with another bank account.

However, you can link multiple secondary bank accounts to deposit money.