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Question: How does joint demat accounts work?

Answer: A demat account can be opened as a single or a joint account. It can have a maximum of three account holders. It is however important to note that once you open a demat account; there cannot be any change or additions. For all joint account holders the operating instructions must be signed by all the holders. All joint holders need to sign up a nomination form for making nomination for their joint demat account.

A demat account can be opened as a single or a joint account. It can have a maximum of three account holders. It is however important to note that once you open a demat account; there cannot be any change or additions. For all joint account holders the operating instructions must be signed by all the holders. All joint holders need to sign up a nomination form for making nomination for their joint demat account. Source: CoolInterview.com

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