Is demat account free?
In India, depositories like National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL) are the two well recognized existing depositories which provide free demat account services. Apart from this stockbroker or depositary participants, intermediaries facilitate these services.
Which bank is best for demat account?
Following are 5 best banks to offer demat account:
- ICICI Bank.
- HDFC Bank.
- Kotak Mahindra Bank.
- Axis Bank.
- SBI Bank.
Can I have 2 demat accounts?
Investors can open multiple demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one demat account with the same DP. You can open a second demat account with the same DP, but with a different combination of account holders.
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