Demat Account related FAQs

Is PAN card mandatory to open a Demat account?

Yes,to open a demat account, you need a PAN Card. This is according to the SEBI circular DoP/Cir-05/2007 dated April 27, 2007. To open a demat account, regardless of investment size or goals, one must submit the PAN Card.

Schedule tribes from Northeast (Arunachal Pradesh and Mizoram, Nagaland Manipur, Tripura, Tripura, and certain areas of North Chachar Hills, Assam) are exempted from income tax. If they plan to invest Rs 50,000 or more in Mutual Funds, these people can open a Demat Account without a PAN Card.

Is it necessary to have an demat account to apply in an IPO?

How securities can be transferred from one account to another?

Can I apply in an IPO if I don't have a Demat account?

On Demat account how much interest is given?

What maintenance charges are there for a demat account? Is there any processing fees or hidden charges on transactions I make on a demat account?

If I don't hold any share in my demat account, do I need to pay any annual maintenance charge

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

Can a minor open a demat account?

Diffrenciate between Demat account number and Trading account number?

What are NSDL & CDSL?

Is a minor eligible to open a trading account?

Define Depository.

Define Depository Participants.

What does Dematerialisation process mean?

What are the benefits of holding shares in a demat account? Is it mandatory for all investors to open a Demat account in order to trade on the stock market?

How many demat account can a trader open?

In Demat account is there any nomination facility?

For any update in my personal details do I need to contact all companies?

What do I need to do with transaction statement, If I don't do trade on a regular basis?

How can I get help if I have any issue with my NSDL Demat account?