Where can an investor open a Demat account in India?(1.0 Marks)Only With NSDLAOnly With CDSLBWith Any Depository Participant Of SEBI Registered DepositoryCWith The SEBI
Question
Where can an investor open a Demat account in India?(1.0 Marks)Only With NSDLAOnly With CDSLBWith Any Depository Participant Of SEBI Registered DepositoryCWith The SEBI
Solution
An investor can open a Demat account in India with any Depository Participant of SEBI registered depository. This includes banks, brokers, or online platforms that are registered with either of the two depositories in India - NSDL (National Securities Depository Limited) or CDSL (Central Depository Services Limited). The investor needs to fill out an account opening form and provide necessary documents like PAN card, address proof, and bank details. After the verification process, the investor will receive a unique BO ID (Beneficiary Owner Identification Number), which will serve as the account number for the Demat account.
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