Can we have Demat Account at two or three places i.e. ICICI, SBI , etc. is it legally corect.
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.
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)
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.
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
(Follow us on):-
https://www.facebook.com/holisticinvestmentplanners
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