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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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17 Comments

17. Sanket Mohite  Oct 21, 2021 14:22 I Like It. | Report Abuse Reply
I want someone to handle my demat account on profit sharing
16. Karthik Reddy  Oct 12, 2021 12:39 I Like It. | Report Abuse Reply
Handle my account and generate profit
15. Monica  Jul 13, 2021 17:07 I Like It. | Report Abuse Reply
Require an expert to handle my account for 25-30% share
15.1. Raunak Bhalotiya  Jul 21, 2021 10:37 I Like It. | Report Abuse
Yes, I am interested. I do it for my clients already and have generated good returns
14. Rajesh katiyar  Jul 24, 2021 09:35 I Like It. | Report Abuse Reply
I want someone to handle my demat account on profit sharing
13. Sanjeev Kumar  Apr 10, 2021 14:06 I Like It. 1 | Report Abuse Reply
I want to someone handle my trading account , pl call me
13.1. Raunak Bhalotiya  Jul 21, 2021 10:38 I Like It. | Report Abuse
Yes, I am interested. I do it for my clients already and have generated good returns
13.2. Raunak Bhalotiya  Jul 21, 2021 10:39 I Like It. | Report Abuse
Yes, I am interested. I do it for my clients already and have generated good returns
12. Ram Charan Das  Mar 6, 2021 21:11 I Like It. | Report Abuse Reply
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.
12.2. Shubh saxena  Mar 9, 2021 07:39 I Like It. | Report Abuse
3500/- fixed charge upto 50k capital.
12.3. irappa karadigudda  Oct 12, 2021 12:26 I Like It. | Report Abuse
i will operate your demat account& give 25% Returns per year. i will do only short term investment.
11. Monica  Jul 13, 2021 17:44 I Like It. | Report Abuse Reply
Require an expert to handle my demat account. Please reach out if interested
11.1. Raunak Bhalotiya  Jul 21, 2021 10:36 I Like It. | Report Abuse
Yes, I am interested. I do it for my clients already and have generated good returns
10. Vasanth  Jun 25, 2021 12:08 I Like It. | Report Abuse Reply
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.
10.1. Finance Pin  Aug 16, 2021 17:43 I Like It. | Report Abuse
You can contact me if interested.
9. ASHIS KUMAR MOHANTY  Jul 4, 2021 18:12 I Like It. | Report Abuse Reply
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  Aug 16, 2021 17:51 I Like It. | Report Abuse
Please contact me. Can help you out
8. Vinay Chandra Malhotra  Sep 30, 2020 08:23 I Like It. | Report Abuse Reply
Requires demat handling operator for my account, give your best offer
8.5. Raunak Bhalotiya  Jul 21, 2021 10:45 I Like It. | Report Abuse
Yes, I am interested. I do it for my clients already and have generated good returns
8.6. Finance Pin  Aug 16, 2021 17:54 I Like It. | Report Abuse
You can contact me if interested
7. Aftab  Apr 27, 2021 11:32 I Like It. | Report Abuse Reply
I want someone to handle my demat account,,, If anyone interested on profit sharing pls connect with me.
7.2. Raunak Bhalotiya  Jul 21, 2021 10:37 I Like It. | Report Abuse
Yes, I am interested. I do it for my clients already and have generated good returns
7.3. Finance Pin  Aug 16, 2021 17:54 I Like It. | Report Abuse
You can contact me if interested
6. C Sankar  Apr 22, 2021 17:11 I Like It. | Report Abuse Reply
Requires demat handling operator for my account, give your best offer
6.1. Finance Pin  Aug 16, 2021 17:55 I Like It. | Report Abuse
You can contact me if interested
5. Harshal  Aug 31, 2021 11:13 I Like It. | Report Abuse Reply
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 .
4. C Sankar  Apr 22, 2021 23:30 I Like It. | Report Abuse Reply
Can someone else operate my demat account on my behalf
4.2. Finance Pin  Aug 16, 2021 17:54 I Like It. | Report Abuse
You can contact me if interested
4.3. moon m  Aug 19, 2021 11:10 I Like It. | Report Abuse
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
3. jo  Mar 30, 2021 15:51 I Like It. | Report Abuse Reply
I am very much interested in having my demat account operated. Please leave email address for contact below the msg
3.2. Finance Pin  Aug 16, 2021 17:54 I Like It. | Report Abuse
You can contact me if interested
3.3. Finance Pin  Aug 16, 2021 17:55 I Like It. | Report Abuse
You can contact me if interested
2. Sanjeev Kumar  Apr 10, 2021 13:51 I Like It. | Report Abuse Reply
Kya process hai sir, pl call me,
2.1. Raunak Bhalotiya  Jul 21, 2021 10:48 I Like It. | Report Abuse
Yes, I am interested. I do it for my clients already and have generated good returns
1. Akhil  Oct 23, 2020 14:37 I Like It. | Report Abuse Reply
I want a good trader i will give u 30 % to 40 % profits share
1.3. daya  Mar 7, 2021 12:04 I Like It. | Report Abuse
yes i can operate your demat account
1.4. Himanshu  May 9, 2021 11:32 I Like It. 1 | Report Abuse
I m interested


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  2. How do I transfer from one demat account to another demat account?
  3. I do not have a demat account. Can I apply in an IPO?
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  24. What precautions should i take to prevent misuse of securities lying in my account ?
  25. Can I open more than one demat account with only one DP in identical names?
  26. Can a demat account be opened with four holder's names?
  27. What is the Standing Instruction given in the demat account opening form?
  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?
  31. How many Demat Accounts do I need?
  32. Is there any nomination facility in Demat Account?
  33. Do I need to contact all companies for any update in my personal details?
  34. What precautions should I take to prevent misuse of securities lying in my demat account?
  35. I am not a frequent trader on stock exchange. What should I do with Transaction Statement?
  36. How much do I need to pay for my Demat Account?
  37. What kind of help can I get if I have any problem with my NSDL Demat Account?
  38. What are the value added facilities on my demat account?
  39. How long can I hold the shares of a company? What are the changes applied in holding shares for the long term?
  40. How do I safeguard my Demat Account with Power of Attorney to Broker?
  41. Are there different types of Power of Attorney?
  42. What is the validity of my Power of Attorney for demat account?
  43. Are there any charges associated with Demat Power of Attorney?
  44. Does broker allows time bound Power of Attorney for Demat Account?
  45. Should Power of Attorney be printed on the Stamp Paper?
  46. Can I sign Power of Attorney online?
  47. Can a Broker misuse the Power of Attorney?
  48. Can a Broker withdraw money from my linked bank account using the Power of Attorney I gave?
  49. Can I use Broker Pool Demat Account to keep my share and do not give Power of Attorney?
  50. Can I trade in Futures and Options without Power of Attorney to my Demat account?
  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?
  53. Can I add another person to my demat account?
  54. Why do I need a demat account?
  55. Is demat account required for SIP?
  56. What is the differences between NSDL and CDSL?
  57. Does any stock broker offer CDSL Easiest facility?
  58. Can I transfer shares from CDSL demat account to NSDL demat account?
  59. What happens if I do not pay AMC for a demat account?
  60. Can I open Demat Account without PAN Card?

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