Having a demat account is the basic requirement to transact in the Indian financial market. A demat account holds your shares and securities in an electronic format. Prior to 1996, shares and securities were held in the form of physical share certificates. Back then, it involved various issues like problems of fake and forged shares, bad deliveries, loss of share certificate and entire process of trading and investing wasvery lengthy. Introduction of demat account helped overcome these issues and made trading and investing an easy task.
Is it Legal to Open Multiple Demat Accounts?
Yes, it is legal to open multiple demat accounts. As per the law, there are no restrictions regarding the number of demat accounts that can be opened by you. However, while opening multiple demat accounts, there are a few things that you must know.
Things to Keep In Mind While Opening Multiple Demat Accounts
Rejected Everywhere For A Merchant Account? We have a solution! Low – High-Risk Merchant Account Specialists. Unlimited Processing at 0%. No Contracts. No Shut Downs. No Set-Up & Application Fees. FREE Gateway Set-Up – Secured Transactions.
Open a New Merchant Account Here Now – OPEN MERCHANT ACCOUNT. PAYMENTS – PERFECTED.