How many Demat accounts can you have?

An individual can hold multiple Demat accounts across different Depository Participants (DPs), but only one account is allowed per DP. Investors often open accounts with multiple brokers to use varied trading platforms or products, but managing several accounts requires careful tracking of holdings and costs.

Is a trading account required along with a Demat account?

Yes. A Demat account holds securities in dematerialized form, while a trading account is used to place buy or sell orders on the stock exchanges. Both accounts go hand in hand to enable smooth investment transactions.

What is the minimum age to open a Demat account?

The minimum age to open a Demat account on one's own in India is 18 years. Guardians can open Demat accounts on behalf of minors with the necessary documentation and completion of KYC.

Can I open a Demat account online using only my phone?

Yes. Most brokers (Dhan included) have end-to-end online onboarding, video KYC, and e-sign facilities so investors can open a demat account online without even visiting a branch.