Answer: Any bank or share brokerage companies who are registered depository participants with NSDL or CDSL can open demat account for their clients. Your share broker may or may not be a depository participant or DP and there is no compulsion that your DP account should be with your broker only.
Question:
Who all can open demat accounts? Answer:
Any bank or share brokerage companies who are registered depository participants with NSDL or CDSL can open demat account for their clients. Your share broker may or may not be a depository participant or DP and there is no compulsion that your DP account should be with your broker only. Source: CoolInterview.com
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