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Demat Acount

Ramakrishnaraju (supervisor) (211 Points)

08 January 2010

Can we have Demat Account at two or three places i.e. ICICI, SBI , etc. is it legally corect.

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5 Replies

Varun (ACA CS Final Pass B.Com(H)) (270 Points)
Replied 08 January 2010

i also want to knw this. i.e. Can a person have more than one demat account?

chetan (CA Artical) (52 Points)
Replied 08 January 2010

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.

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Vivek (Finally passed CA Final...!!!!!) (1097 Points)
Replied 09 January 2010

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)

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Dilip Wankhede (A/c Manager) (63 Points)
Replied 09 January 2010

Dear Friend,

There are no restriction for demat a/c open, so You can open more Demat..

as like SB bank account.

1 Like

Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited) (21077 Points)
Replied 20 May 2014

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

www.holisticinvestment.in

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