If you are thinking of investment in the securities market of India, you have to open an account for trading. Trading account enables buying and selling of market securities as well as execution of all your trades in the share market. One other account is also needed which is known as demat account which enables you to hold the corresponding securities in electronic form. Hence, if you have the intention of investing in share markets, you need to open a demat account as well as a trading account along with it.
Investors cannot jointly open a trading account. A trading account can be opened only against one single name. The fact stating that each trading account gets linked with the individual PAN number of the investor is to be attributed for this.
Individual investors are however able to open joint demat accounts. Any demat account may have a maximum of three account holders out of which one would be the main demat account holder while the remaining two are to be joint demat account holders.
How to Open a Joint Demat Account Online?
Documents Required for Opening a Joint Demat Account:
In the case of a joint account for demat, in the instance of death of any of the account holders, the ownership is to be shifted in the name of remaining account owners. In case that everyone dies, the nominee would then get all of the benefits.
Keeping the above points in mind, you can make an informed call on opening a Demat account according to your needs.
Related Articles: How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account | 10 Points to Remember When Operating your Demat Account | Types Of Demat Account & Trading Account
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