Can we have Demat Account at two or three places i.e. ICICI, SBI , etc. is it legally corect.
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Demat Acount
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i also want to knw this. i.e. Can a person have more than one demat account?
with best of my knowledge only one damat is allowed but u can have more than one trading accounts . Demat is link with your trading account and it is operated by NSDL.
Demat account is similar like your SB Bank Account... Since, you can open SB A/c with more than one Bank, Same is Demat... u can open different Demat accounts with more than one DP participant... Like (ICICI direct, KARVY etc)
Dear Friend,
There are no restriction for demat a/c open, so You can open more Demat..
as like SB bank account.
What every NRI needs to know about NRI demat account?
The Indian equity market is viewed as a window to prosperity by resident Indians and NRIs. Despite facing strenuous economic disaster, the Indian stock market is enjoying sheer position. The market has been on a roll for the past 10 years, with an estimated growth of 19% per annum witnessed on the Sens*x.
https://www.holisticinvestment.in/nri-demat
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
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