Can a person have multiple Demat accounts in India?

Can a person have multiple Demat accounts in India?

Opening of a Demat account has been drastically increased in the following year. Demat stands for Dematerialisation which means it holds all your security, debt, mutual funds into an electronic form.

While you are allowed to have multiple Demat accounts, you must adhere to specific guidelines. The key stipulation is that no more than one Demat account can be held with the same DP.
It may be beneficial to have many Demat and trading accounts. However, you should limit the number of accounts you have. If you’re a frequent trader or investor, keeping track of many Demat accounts can be difficult. By choosing an IIFL Securities Demat and Trading account, you will gain access to high-quality research, reducing the need for several accounts.

Yes, but not with the same broker. You can open a different Demat account with different brokers.