Question 1

What are the types of Demat accounts?

Accepted Answer

There are three types of Demat accounts: Regular Demat accounts, Repatriable Demat Accounts, and Non-Repatriable Demat Accounts.

Question 2

Can NRIs open Demat Accounts?

Accepted Answer

Yes, like any other Indian citizen, NRIs can also open Demat accounts with an Indian stockbroker following the same account opening process.

Question 3

Is the nomination facility available in the Demat Account?

Accepted Answer

Yes, you can nominate anyone as your nominee in your Demat account.

Question 4

Can an individual open multiple Demat accounts?

Accepted Answer

Yes, an individual can open as many Demat accounts with various stockbrokers.

Question 5

Can the Demat account be transferred?

Accepted Answer

You can open a Demat account with India Infoline at zero account opening charges. Also, you get to enjoy zero demat Annual Maintenance Charges (AMC) for 1 year.

Question 6

Is a Demat account compulsory to apply for an IPO in India?

Accepted Answer

Yes, you have to have a Demat account to apply for an IPO in India.

Question 7

Do I require a Demat account for SIP?

Accepted Answer

No, you do not need a Demat account for making investments in SIPs.

Question 8

Can I withdraw money from the Demat account?

Accepted Answer

After selling shares, the money is reflected in your Demat account after T+2 days. You can withdraw money from the Demat account through your trading account after it is reflected in your Demat account.

A Test Recipe1

A Test Recipe2