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Investors have the option to open up to five demat accounts. Investors should realize that demat accounts are subject to annual maintenance changes. After a while, they will need to close the accounts.
Online demat accounts are now possible. Closing a demat account requires visiting a broker office and filling out forms.
Investors can request the depository participant to close the account if there are no outstanding funds and all payments have been paid. Investors need to:
If all payments have been made and securities in the demat account need to be transferred, then the investor must:
After all required documents have been submitted, the account can be closed in 5 working days.