1. Is it possible to have multiple Demat accounts?

Yes, you can have more than a single Demat account, as you can open a Demat account with different brokers, but all Demat accounts are connected to your PAN.

2. Are there annual maintenance charges (AMC) on Demat accounts?

Yes, most do, except the BSDL at lower or zero AMC when the account is of a small investor.

3. Is it possible to transfer the resident Demat account into NRI status?

Yes, they may do so by informing their Depository Participant and giving updated KYC and bank information.

4. Is it possible to convert between one Demat account and another?

Yes, an investor can transfer holdings to a different kind of account under his/her DP by fulfilling the eligibility and documentation criteria.

5. What happens to the custodial account of a minor upon attainment of 18 years of age?

Once KYC and consent are confirmed, it is transferred automatically to a normal individual Demat account.

Types Of Demat account

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Types Of Demat account

Stock Market

Types Of Demat account

Type of Demat Account you choose can vary according to your citizenship, Trading capacity, Needs, and your age. This blog will solve all your doubts regarding what are the types of demat accounts and whoch one os suitable for you?