How many accounts?
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- If your shares are held in joint names, be sure to open the account in the same order of names. If X, Y and Z jointly hold 100 shares in a company and have three share certificates all listing X, Y and Z as the first, second and third holders respectively, one account will suffice.
- For different combinations of names, open separate accounts for each combination. If the three certificates are held as XYZ, YXZ and ZYX, three accounts are necessary.
- There is no limit to the number of accounts you can open.
- There is no limit to the number of DPs you can have accounts with.
- You can even open a multiple-sign demat account, which can be operated by multiple holders, like a joint savings bank account.
- You can open a demat account even before you acquire your first security.
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