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Can I open a joint demat account?

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Yes, you could open a "Joint Demat Account" with any broker. Up to 3 people could be part of the demat account. The demat account also have a nomination facility.

The process of Joint Demat Account opening is manual. We recommond ProStocks broker to open your Joint Demat Account convniently.

Note that a trading account could open only on one name. This is as per the regulation.

A trading account is used to buy/sell shares while a demat account holds the shares in digital format. A demat account is like a bank account but it hold securities instead of money.


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