What does the error "Failed to convert account type to 3-in-1" mean when converting a Zerodha account to Zerodha IDFC FIRST 3-in-1 account?
The error Failed to convert account type to 3-in-1 , is shown while converting a regular Zerodha account to a Zerodha IDFC FIRST in the following cases:
If the PAN number is not updated in the IDFC FIRST bank. PAN details can be updated through IDFC FIRST's
- If the client is not the primary holder of both the Zerodha and the IDFC FIRST bank account. In other words, to convert an existing account to a 3-in-1 account, the account holder must be the primary holder of the trading and the bank accounts.