Hello all,
Can an individual have more than one demat account..? Are there any restrictions regarding this???
2 Replies
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 25 November 2012
Dear Shashi Kiran,
Any number of D'mat a/cs can be opened by quoting on PAN Card
One person can open below 6 account in different ,different banks or brokers , but same bank 1 person open minimum 2 accounts.
All the Best,
Regards,
RAJESH CHOUDHARY
Shashi Kiran
(CA Final)
(60 Points)
Replied 26 November 2012
Dear Rajesh,
Thanks for the info. But in case of an IPO, can an individual make an application through all his accounts. If he has 6 accounts, can he apply for shares of worth 12 lakhs i.e. 2 lakhs per account....???
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