Absolutely, your Aadhaar card is mandatory to open a Demat account online. Although if you want to open your account without providing Aadhaar, then you'll have to do it through the offline method. Consequently, you will require a valid Aadhaar card to complete your Demat application process

Absolutely, you can open two or more demat accounts with one single bank account. You can, later on, add other bank accounts to your demat account as per your requirements.

You can open more than one demat account as long as you open them with separate depository participants. It is completely legal to own multiple demat accounts but you cannot have more than one account with a stockbroker.

Many Indian brokers allow you to open your Demat account for free, whereas some charge a nominal fee of Rs 200 to Rs 500. Although there are some recurring charges that you have to bear such as annual maintenance charges, Demat charges, etc.

Yes, you can open a trading and Demat account without an Aadhaar card but it's not possible to do that in the online method. To open your account without an Aadhaar card, you will have to visit the broker's branch and complete the process there.

Yes opening a Demat account in India might be free with some brokers but not all. Apart from the opening charges, a Demat account is not completely free. You will have to pay an Annual Maintenance charge or Demat fee, every year.

DP means Depository Participant and they act as go-betweens for the depository and the traders. It is the first 8 digits of the Demat account number. For more details, you can read through the expanded version.

Yes, a student can open a Demat account. In case of minor student, the student's account is operated by a guardian and if the student is 18 or above, he/she can manage the account independently. Overall, there is no age requirement.

Yes, your Demat account can have joint account holders provided they have been included in your demat account while opening a demat account.

No, a Demat account is not required for investing in mutual funds in India. However, having a demat account can be beneficial for some investors.

Trading Account is used for buying and selling securities while Demat Account is for holding various securities in electronic format.

Annual Maintenance Charge or AMC for a Demat Account is a mandatory fee need to be paid by each investors. In case of a non payment of AMC, your Demat Account will be announced inactive by your DP.

Demat Account is an account for physical securities in electronic format. If you want to know the same in Hindi you can find the same below.

Yes and no at the same time. Although you can apply for an IPO without a Demat Account in some cases, the allotted shares are tradable through a Demat Account, Thus, a Demat account is recommended for an IPO.

Although there are ways such as ASBA facility of your bank that you can use to open an IPO without Demat Account. It is still advisable to have a Demat Account.

No interest in paid on your Demat Account. Since a demat account is not like a savings or current bank account where you deposit your money. It is used to hold securities in an electronic format.

Yes, definitely. One person can create multiple demat accounts but with different Depository Participant or broker.

Yes, you can give power of attorney (POA) to someone to operate your demat account on your behalf. For details let's explore more.

Shares can transferred from CDSL demat account to NSDL demat account by using the Inter-Depository option as the transfer mode.

Yes, you can have multiple demat accounts with different stock brokers in India. But, what's the need to have 2 demat accounts? Just have a single demat account with a good popular broker. That's it!