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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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19 Comments

19. Vasanth   I Like It. | Report Abuse |   Link | Jun 25, 2021 12:08:24 PM 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.
19.1. Finance Pin   I Like It. | Report Abuse |   Link | Aug 16, 2021 5:43:11 PM
You can contact me if interested.
18. ASHIS KUMAR MOHANTY   I Like It. | Report Abuse |   Link | Jul 4, 2021 6:12:34 PM Reply
I need a trustworthy and expert in option trading . Who can give me good profit everyday. And can can handle my demat acount.
18.1. Finance Pin   I Like It. | Report Abuse |   Link | Aug 16, 2021 5:51:46 PM
Please contact me. Can help you out
17. Akhil   I Like It. 1 | Report Abuse |   Link | Oct 23, 2020 2:37:38 PM Reply
I want a good trader i will give u 30 % to 40 % profits share
17.4. Himanshu   I Like It. 1 | Report Abuse |   Link | May 9, 2021 11:32:25 AM
I m interested
17.5. Jagadish P   I Like It. | Report Abuse |   Link | Dec 26, 2021 6:30:38 AM
I can operate/handle your account. With 30% profit sharing.
You can watsapp my no:90083 47897.
16. Mahes   I Like It. | Report Abuse |   Link | May 24, 2022 9:24:26 PM Reply
I can also give u decent return upto 40 percent month but the capital to be around 40000 rs
15. C Sankar   I Like It. | Report Abuse |   Link | Apr 22, 2021 11:30:52 PM Reply
Can someone else operate my demat account on my behalf
15.2. Finance Pin   I Like It. | Report Abuse |   Link | Aug 16, 2021 5:54:25 PM
You can contact me if interested
15.3. moon m   I Like It. | Report Abuse |   Link | Aug 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
14. Ram Charan Das   I Like It. | Report Abuse |   Link | Mar 6, 2021 9:11:32 PM 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.
14.4. Uzma   I Like It. | Report Abuse |   Link | Dec 18, 2021 8:49:02 AM
Hi
I can do this
14.5. Uzma   I Like It. | Report Abuse |   Link | Dec 18, 2021 8:51:11 AM
Hi
I can do this
First I'll show you my work and later I'll discuss charges.
13. C Sankar   I Like It. | Report Abuse |   Link | Apr 22, 2021 5:11:49 PM Reply
Requires demat handling operator for my account, give your best offer
13.1. Finance Pin   I Like It. | Report Abuse |   Link | Aug 16, 2021 5:55:10 PM
You can contact me if interested
12. Sanket Mohite   I Like It. | Report Abuse |   Link | Oct 21, 2021 2:22:08 PM Reply
I want someone to handle my demat account on profit sharing
11. Narender   I Like It. | Report Abuse |   Link | Dec 24, 2021 6:35:16 AM Reply
I request everybody never give account handling to anybody. I got a big loss.
11.1. Aisha   I Like It. | Report Abuse |   Link | Dec 26, 2021 1:58:41 PM
Can you tell me how you got loss
11.2. Abhi   I Like It. | Report Abuse |   Link | Jan 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...
10. Vinay Chandra Malhotra   I Like It. | Report Abuse |   Link | Sep 30, 2020 8:23:57 AM Reply
Requires demat handling operator for my account, give your best offer
10.5. Raunak Bhalotiya   I Like It. | Report Abuse |   Link | Jul 21, 2021 10:45:22 AM
Yes, I am interested. I do it for my clients already and have generated good returns
10.6. Finance Pin   I Like It. | Report Abuse |   Link | Aug 16, 2021 5:54:34 PM
You can contact me if interested
9. Monica   I Like It. | Report Abuse |   Link | Jul 13, 2021 5:44:36 PM Reply
Require an expert to handle my demat account. Please reach out if interested
9.1. Raunak Bhalotiya   I Like It. | Report Abuse |   Link | Jul 21, 2021 10:36:15 AM
Yes, I am interested. I do it for my clients already and have generated good returns
8. Sanjeev Kumar   I Like It. 3 | Report Abuse |   Link | Apr 10, 2021 2:06:58 PM Reply
I want to someone handle my trading account , pl call me
8.1. Raunak Bhalotiya   I Like It. | Report Abuse |   Link | Jul 21, 2021 10:38:42 AM
Yes, I am interested. I do it for my clients already and have generated good returns
8.2. Raunak Bhalotiya   I Like It. | Report Abuse |   Link | Jul 21, 2021 10:39:28 AM
Yes, I am interested. I do it for my clients already and have generated good returns
7. Rajesh katiyar   I Like It. 1 | Report Abuse |   Link | Jul 24, 2021 9:35:56 AM Reply
I want someone to handle my demat account on profit sharing
7.1. pragti   I Like It. | Report Abuse |   Link | Nov 21, 2021 1:28:55 PM
yes you can do in our group
6. Monica   I Like It. | Report Abuse |   Link | Jul 13, 2021 5:07:17 PM Reply
Require an expert to handle my account for 25-30% share
6.1. Raunak Bhalotiya   I Like It. | Report Abuse |   Link | Jul 21, 2021 10:37:51 AM
Yes, I am interested. I do it for my clients already and have generated good returns
5. Mahal   I Like It. | Report Abuse |   Link | Nov 24, 2021 1:53:12 PM Reply
I want Someone to handle my DEMAT account on Profit sharing basis. If Interested please call me on my number
5.1. Devendra Singh   I Like It. | Report Abuse |   Link | Dec 10, 2021 11:39:28 PM
Sure contact me for further discussion first drop me sms then call me
4. Karthik Reddy   I Like It. | Report Abuse |   Link | Oct 12, 2021 12:39:00 PM Reply
Handle my account and generate profit
3. jo   I Like It. | Report Abuse |   Link | Mar 30, 2021 3:51:41 PM Reply
I am very much interested in having my demat account operated. Please leave email address for contact below the msg
3.3. Finance Pin   I Like It. | Report Abuse |   Link | Aug 16, 2021 5:55:26 PM
You can contact me if interested
3.4. Raj U   I Like It. | Report Abuse |   Link | Dec 2, 2021 11:22:41 AM
Beware of this kind of service, i lost money with 3 brokers
2. Harshal   I Like It. | Report Abuse |   Link | Aug 31, 2021 11:13:44 AM 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 .
1. Sanjeev Kumar   I Like It. | Report Abuse |   Link | Apr 10, 2021 1:51:12 PM Reply
Kya process hai sir, pl call me,
1.1. Raunak Bhalotiya   I Like It. | Report Abuse |   Link | Jul 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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  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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  7. Can a person have more than one demat account on his name?
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  10. What is CDSL and NSDL ?
  11. Can a minor open trading Demat account?
  12. What is a depository?
  13. Who is Depository Participant (DP)?
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  16. How many demat accounts I can open?
  17. Is there nomination facility in demat account ?
  18. Do I have to contact all companies for any update in my personal details ?
  19. I am not a frequent trader on stock exchange. What should I do with transaction statement ?
  20. What kind of help can I get If I have problem with my NSDL demat account?
  21. Can I take a loan on my demat holdings?
  22. How much do I pay for my demat account?
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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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