Can a person keep more than one demat account with same name?

Yes. A person can have multiple demat accounts. An investor can open as many demat accounts as he like. Investors can open multiple accounts under the same name and with different DPs. Investors must adhere to KYC requirements, including proof of identity and proof of address as required by SEBI. They also need to provide a PAN number. At the time of opening a demat account, the investor must show their original PAN card.