Is a joint Demat Account allowed?
Is a joint Demat Account allowed? Find a clear answer in this FAQ by 021 Trade.
A demat account can be held jointly. A joint demat account can have up to three holders—one primary account holder and up to two joint holders. This option is especially useful for family members or business partners who want to manage and invest in securities together.
In a joint demat account, all holders have equal rights and responsibilities over the securities held in the account, ensuring shared access and control of the assets.
One person is designated as the primary account holder, while the others are secondary or joint holders. All holders must complete the required KYC process. If a nominee is not appointed, in the event of the death of one account holder, the securities are transferred to the surviving joint holders.
