Types of Demat Account
Regular Demat Account: Suitable for Indian residents, this account facilitates the demat account opening online process for holding and trading equities in a dematerialized format. It usually involves annual maintenance charges; however, the introduction of the Basic Services Demat Account (BSDA) allows for a free demat account opening with reduced or no fees, making it more accessible for new investors.
Repatriable Demat Account: Designed for Non-resident Indians (NRIs), this account, linked to an NRE (Non-resident External) account, allows for investment in Indian stock markets along with the possibility of transferring funds back to their resident country. This feature makes it convenient for NRIs to open demat account online while facilitating easy repatriation of up to one million USD annually. Ideal for those who need a flexible demat trading account that supports both local and international transactions.
Non-repatriable Demat Account: Also tailored for NRIs, this type of account is linked to an NRO (Non-resident Ordinary) account and restricts the transfer of funds outside India. It is ideal for NRIs who want to invest in the Indian markets without the need for fund repatriation, simplifying the demat account opening online process for investments confined within India.
You can choose from different types of Demat accounts based on your needs and profile. Each account type caters to specific investors, whether individuals, businesses, or non-residents.
- Individual Account – Meant for single users who want to invest in securities under their own name.
- HUF Account – Designed for Hindu Undivided Families, where the account is managed by the Karta on behalf of family members.
- NRI Account – Available for Non-Resident Indians to invest in Indian markets, following FEMA regulations.
- Minor Account – Can be opened in a minor’s name but managed by a guardian until they turn 18.
- Corporate / LLP / Partnership – Suitable for companies and firms that wish to trade and invest in the stock market under their legal business identity.