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.


Can Power of Attorney be misused by a broker?


Using the Power of Attorney, could a broker withdraw money from my linked bank account?


If I do not give Power of Attorney , will I be able to use broker Pool Demat account to keep my share?


Can someone trade in F&O without Power of Attorney in their Demat account?


Can I trade if my signed Power of Attorney is still in courier?


How do I receive dividends to the bank and not a cheque? Is it possible to apply online?


Can I add multiple people to my Demat account?


Why a Demat account is needed?


Does investing in SIP requires a Demat account?


Differentiate between NSDL & CDSL?


Does CDSL Easiest facility offered by any broker?


Can shares be transferred from CDSL to NSDL demat account?


What will happen if AMC for a Demat account is not paid?


Can a PAN Card issued to one year old child Or Is there any age limit ?