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Can someone else operate my demat account on my behalf on the basis of Power of Attorney?

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Yes. If you authorize any person to operate your account by executing a power of attorney, that person can operate the account on your behalf. However, you need to submit a Notarised copy of the POA to your DP. Ensure that the POA has the signatures of both, the Donor and the Donee. The POA holder is also subject to KYC norms of the bank. However if the POA is submitted at the time of account opening, it is mandatory that the holder signs the account opening document.

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23 Comments

23. Nishant Arora   I Like It. |Report Abuse|  Link|March 8, 2024 10:54:08 PMReply
I want if someone will operate my demat account on profit share.
Kindly suggest
22. Karthik Reddy   I Like It. |Report Abuse|  Link|October 12, 2021 12:39:00 PMReply
Handle my account and generate profit
21. Sanket Mohite   I Like It. |Report Abuse|  Link|October 21, 2021 2:22:08 PMReply
I want someone to handle my demat account on profit sharing
20. C Sankar   I Like It. |Report Abuse|  Link|April 22, 2021 5:11:49 PMReply
Requires demat handling operator for my account, give your best offer
20.1. Finance Pin   I Like It. |Report Abuse|  Link|August 16, 2021 5:55:10 PM
You can contact me if interested
19. Akhil   I Like It. 1|Report Abuse|  Link|October 23, 2020 2:37:38 PMReply
I want a good trader i will give u 30 % to 40 % profits share
19.4. Himanshu   I Like It. 1|Report Abuse|  Link|May 9, 2021 11:32:25 AM
I m interested
19.5. Jagadish P   I Like It. |Report Abuse|  Link|December 26, 2021 6:30:38 AM
I can operate/handle your account. With 30% profit sharing.
You can watsapp my no:90083 47897.
18. Abhishek   I Like It. |Report Abuse|  Link|April 10, 2023 8:24:41 PMReply
Aap mere Zirodha kay demat account ko headle kare gaye. May Aap ko monthly payment karuga.

18.2. Sarthak Jain   I Like It. |Report Abuse|  Link|July 16, 2023 12:55:20 AM
Yes, we can help you to make more wealth from your capital
18.3. Sneha   I Like It. |Report Abuse|  Link|July 25, 2023 1:44:45 PM
Yes i would like to handle trading acc ..u can pay as per your profit
convenience..
17. jo   I Like It. |Report Abuse|  Link|March 30, 2021 3:51:41 PMReply
I am very much interested in having my demat account operated. Please leave email address for contact below the msg
17.3. Finance Pin   I Like It. |Report Abuse|  Link|August 16, 2021 5:55:26 PM
You can contact me if interested
17.4. Raj U   I Like It. |Report Abuse|  Link|December 2, 2021 11:22:41 AM
Beware of this kind of service, i lost money with 3 brokers
16. Vasanth   I Like It. |Report Abuse|  Link|June 25, 2021 12:08:24 PMReply
I am looking for a demat account handler with strong knowledge n experience in Option & Futures and equity cash intraday trading. Please respond with your offer & contact details please.
16.1. Finance Pin   I Like It. |Report Abuse|  Link|August 16, 2021 5:43:11 PM
You can contact me if interested.
16.2. Haribhau Mahamuni   I Like It. |Report Abuse|  Link|July 6, 2023 9:17:19 PM
Call me 989039290 Gurukul trading view
15. Sanjeev Kumar   I Like It. 3|Report Abuse|  Link|April 10, 2021 2:06:58 PMReply
I want to someone handle my trading account , pl call me
15.1. Raunak Bhalotiya   I Like It. |Report Abuse|  Link|July 21, 2021 10:38:42 AM
Yes, I am interested. I do it for my clients already and have generated good returns
15.2. Raunak Bhalotiya   I Like It. |Report Abuse|  Link|July 21, 2021 10:39:28 AM
Yes, I am interested. I do it for my clients already and have generated good returns
14. Kumar   I Like It. |Report Abuse|  Link|May 24, 2023 3:42:54 AMReply
Hi any one can do deemat account handelling service , with expertise making profit each day 8 to 12 % every day , serious and experience trader please contact me. Thanks
14.1. Rishi kumar   I Like It. |Report Abuse|  Link|May 25, 2023 3:22:12 AM
It totally depends on your capital.
I’m rishi and I’ve been in this field for more than 3 years and provides account handling services but first i would like to know more about your financial needs. So feel free to contact me or else you can send me your contact details.
14.2. Savithanataraj   I Like It. |Report Abuse|  Link|June 2, 2023 6:27:39 AM
Handle my demat account
13. Harshal   I Like It. |Report Abuse|  Link|August 31, 2021 11:13:44 AMReply
Moon m can you please share your telephone number becoz the same thing was happened with me few days ago and I want to talk with you regarding this .
12. Vinay Chandra Malhotra   I Like It. |Report Abuse|  Link|September 30, 2020 8:23:57 AMReply
Requires demat handling operator for my account, give your best offer
12.5. Raunak Bhalotiya   I Like It. |Report Abuse|  Link|July 21, 2021 10:45:22 AM
Yes, I am interested. I do it for my clients already and have generated good returns
12.6. Finance Pin   I Like It. |Report Abuse|  Link|August 16, 2021 5:54:34 PM
You can contact me if interested
11. Monica   I Like It. |Report Abuse|  Link|July 13, 2021 5:44:36 PMReply
Require an expert to handle my demat account. Please reach out if interested
11.1. Raunak Bhalotiya   I Like It. |Report Abuse|  Link|July 21, 2021 10:36:15 AM
Yes, I am interested. I do it for my clients already and have generated good returns
10. Rajesh katiyar   I Like It. 1|Report Abuse|  Link|July 24, 2021 9:35:56 AMReply
I want someone to handle my demat account on profit sharing
10.1. pragti   I Like It. |Report Abuse|  Link|November 21, 2021 1:28:55 PM
yes you can do in our group
9. ASHIS KUMAR MOHANTY   I Like It. |Report Abuse|  Link|July 4, 2021 6:12:34 PMReply
I need a trustworthy and expert in option trading . Who can give me good profit everyday. And can can handle my demat acount.
9.1. Finance Pin   I Like It. |Report Abuse|  Link|August 16, 2021 5:51:46 PM
Please contact me. Can help you out
9.2. Bandu   I Like It. |Report Abuse|  Link|December 24, 2022 7:51:41 PM
Message for: Can someone else operate my demat account on my behalf on the basis of Power of Attorney?
8. Mahal   I Like It. |Report Abuse|  Link|November 24, 2021 1:53:12 PMReply
I want Someone to handle my DEMAT account on Profit sharing basis. If Interested please call me on my number
8.1. Devendra Singh   I Like It. |Report Abuse|  Link|December 10, 2021 11:39:28 PM
Sure contact me for further discussion first drop me sms then call me
7. Abhishek   I Like It. |Report Abuse|  Link|September 16, 2022 8:13:33 AMReply
Can sebi registered traders operate my dmat account please contact me
7.1. Junaid   I Like It. |Report Abuse|  Link|September 18, 2022 6:04:29 PM
I can handle your demat account but capital should be 1 lakh . daiky 8/10% return
7.2. Akshita   I Like It. |Report Abuse|  Link|December 7, 2022 10:59:33 PM
I can handled your account sir
6. C Sankar   I Like It. |Report Abuse|  Link|April 22, 2021 11:30:52 PMReply
Can someone else operate my demat account on my behalf
6.2. Finance Pin   I Like It. |Report Abuse|  Link|August 16, 2021 5:54:25 PM
You can contact me if interested
6.3. moon m   I Like It. |Report Abuse|  Link|August 19, 2021 11:10:18 AM
Recently the first week of August 21, I met a bad incident with a unregistered SEBI illegal guy named Chollangi Nagendra Babu from Hyderabad, Telungana. I found him from the quora site itself. I handover my demat account handling to him but he cheated me on the expiry day on 1st week of august for options trading (CAX BAN). He told me that he is having total of 8 years experience in trading but on the same day he didn't use the stop loss order. I asked him on the same day he never respond me and the market goes down below 250 points he buy call option and the entire amount reduced zero. (total rs1,07000). He never try to minimize my loss . Before account handling to him, I asked about the loss situation. He told me profit means 35% for himself (profit sharing)and Loss means the next day he will recover the entire amount with his money. But after the loss he never attend my call and blocked my number. I tried with another number, then he told me if you want to recover than you have to add one more lakh amount to my trading account.. Pls note he asked me to add my money to recover the loss. I refused to accept. The same day I send a awareness message about the entire 240 members where he run a what app group named Best stocks for intraday. I got several responses from across India that this cheating fellow did the same to everyone. But What he did is for minimum 1 lakh on trading account he made profit about 1 lakh on the same day. But the very next day he used to increase the greed of the persons , and they add 3 to 5 lakhs means on the second day he (wiped) loosed the total capital. He never take any responsibility for huge total loss..
Two criminal cyber scams he may use my assumption are
1.      He may have a big network that he will get commission from the brokerage firms or something
2.      For one account For Ex if he use my trading account and do trade under Call options means under buy he specifically use the numerical digit ex. 81.59 and 29.56 that value nobody cant use .The opposite side, Call option under Sell option he used the same specific price value he used to close the trade. So the reduced premium amount automatically goes to his or wife or friends trading acoount. This is very minute level crime scam that nobody knows.
Please be aware about this kind of scammers and dont ever never give it to your Demate account handling to anyone. Do it your self. . Otherwise Power of attorney is safe
PS: The cyber crime case is under processing
5. Ram Charan Das   I Like It. |Report Abuse|  Link|March 6, 2021 9:11:32 PMReply
Hare Krishna dandvats, I want someone to operate my demat account can anyone help me with it and what are the charges for the same please advise, thanks, Hare Krishna.
5.4. Uzma   I Like It. |Report Abuse|  Link|December 18, 2021 8:49:02 AM
Hi
I can do this
5.5. Uzma   I Like It. |Report Abuse|  Link|December 18, 2021 8:51:11 AM
Hi
I can do this
First I'll show you my work and later I'll discuss charges.
4. Mahes   I Like It. |Report Abuse|  Link|May 24, 2022 9:24:26 PMReply
I can also give u decent return upto 40 percent month but the capital to be around 40000 rs
4.2. Sanjay Goparaju   I Like It. |Report Abuse|  Link|August 22, 2022 10:55:02 PM
I m interested
4.3. Charanraj   I Like It. |Report Abuse|  Link|October 17, 2022 12:10:17 PM
Please share me your contact number
3. Narender   I Like It. |Report Abuse|  Link|December 24, 2021 6:35:16 AMReply
I request everybody never give account handling to anybody. I got a big loss.
3.1. Aisha   I Like It. |Report Abuse|  Link|December 26, 2021 1:58:41 PM
Can you tell me how you got loss
3.2. Abhi   I Like It. |Report Abuse|  Link|January 13, 2022 4:10:34 PM
Hello narender ....same loss mere sath bhi hua h .... account handling me ..yash khemka ne kiya h mera 5 lakh ka loss...
2. Monica   I Like It. |Report Abuse|  Link|July 13, 2021 5:07:17 PMReply
Require an expert to handle my account for 25-30% share
2.1. Raunak Bhalotiya   I Like It. |Report Abuse|  Link|July 21, 2021 10:37:51 AM
Yes, I am interested. I do it for my clients already and have generated good returns
1. Sanjeev Kumar   I Like It. |Report Abuse|  Link|April 10, 2021 1:51:12 PMReply
Kya process hai sir, pl call me,
1.1. Raunak Bhalotiya   I Like It. |Report Abuse|  Link|July 21, 2021 10:48:21 AM
Yes, I am interested. I do it for my clients already and have generated good returns


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  28. Can someone else operate my demat account on my behalf on the basis of Power of Attorney?
  29. What is a clearing member account and how is it different from a beneficiary account?
  30. How many Demat Account can be added to my Trading Account?
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  40. How do I safeguard my Demat Account with Power of Attorney to Broker?
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  49. Can I use Broker Pool Demat Account to keep my share and do not give Power of Attorney?
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  51. My signed Power of Attorney is still in courier. Can I still trade?
  52. How can I get dividends directly to the bank instead of the cheque? Is there any online application?
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  60. Can I open Demat Account without PAN Card?

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