{"id":30015,"date":"2026-08-19T06:48:04","date_gmt":"2026-08-19T06:48:04","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?post_type=demat&#038;p=30015"},"modified":"2026-08-19T06:48:05","modified_gmt":"2026-08-19T06:48:05","slug":"sebi-rules-for-demat-account","status":"publish","type":"demat","link":"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/","title":{"rendered":"SEBI Rules for Demat Account: Opening, Closure &amp; More"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Opening a demat account is very easy nowadays, but before opening a demat account and starting your investor journey, one must be aware of the SEBI rules for demat accounts because SEBI has introduced various guidelines related to each and every aspect of a demat account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Today, we will give you an overview of SEBI rules for demat accounts related to closure, opening, etc.\u00a0<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#What_is_a_Demat_Account\" title=\"What is a Demat Account?\">What is a Demat Account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#Participants_of_Demat_Ecosystem\" title=\"Participants of Demat Ecosystem\">Participants of Demat Ecosystem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Rule_for_Opening_a_Demat_Account\" title=\"SEBI Rule for Opening a Demat Account\">SEBI Rule for Opening a Demat Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Rule_for_Closing_a_Demat_Account\" title=\"SEBI Rule for Closing a Demat Account\">SEBI Rule for Closing a Demat Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Rule_for_Nomination_in_Demat_Account\" title=\"SEBI Rule for Nomination in Demat Account\">SEBI Rule for Nomination in Demat Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Rule_for_Dematerialisation_of_Shares\" title=\"SEBI Rule for Dematerialisation of Shares\">SEBI Rule for Dematerialisation of Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Rule_for_Basic_Services_Demat_Account_BSDA\" title=\"SEBI Rule for Basic Services Demat Account (BSDA)\">SEBI Rule for Basic Services Demat Account (BSDA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Rule_for_Minor_Demat_Account\" title=\"SEBI Rule for Minor Demat Account\">SEBI Rule for Minor Demat Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Rule_for_NRI_Demat_Account\" title=\"SEBI Rule for NRI Demat Account\">SEBI Rule for NRI Demat Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#SEBI_Grievance_Redressal_Mechanism\" title=\"SEBI Grievance Redressal Mechanism\">SEBI Grievance Redressal Mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/wp-api.pocketful.in\/blog\/demat\/sebi-rules-for-demat-account\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"h-what-is-a-demat-account\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_Demat_Account\"><\/span>What is a Demat Account?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A <a href=\"https:\/\/www.pocketful.in\/blog\/demat\/what-is-a-demat-account\/\">demat account <\/a>is an electronic account used by investors to hold securities such as shares and debentures in electronic form. It can be considered a digital locker for the investor. The objective of this demat account is to eliminate physical share certificates, allowing users to transfer securities faster.<\/p>\n\n\n\n<h2 id=\"h-participants-of-demat-ecosystem\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Participants_of_Demat_Ecosystem\"><\/span>Participants of Demat Ecosystem<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The key participants of the demat ecosystem are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SEBI<\/strong>: The Securities and Exchange Board of India is an institution that regulates the capital market. It establishes rules and regulations for brokers, depositors, and others. SEBI ensures that investors&#8217; rights are protected and that the securities market is operated in a fair manner.<\/li>\n\n\n\n<li><strong>Depositories<\/strong>: India has two central depositories, <a href=\"https:\/\/www.pocketful.in\/blog\/demat\/cdsl-vs-nsdl\/\">NSDL and CDSL<\/a>. Their primary purpose is to hold securities in electronic form. Investors generally do not interact directly with the depositories; they act through depository participants.<\/li>\n\n\n\n<li><strong>DP<\/strong>: Depository participants act as a link between investors and depositories. If you open a demat account with a broker, they act as depository participants.<\/li>\n\n\n\n<li><strong>Exchange<\/strong>: A stock exchange is a marketplace where securities are bought and sold. There are two exchanges in India: BSE and NSE. Whenever you place a trade, they are redirected to the relevant exchange.<\/li>\n\n\n\n<li><strong>Broker<\/strong>: Stock brokers generally provide a platform through which one can place buy and sell orders on the exchange. The platforms from the brokers generally include mobile applications and web platforms.<\/li>\n\n\n\n<li><strong>Clearing Corporation<\/strong>: It plays an important role once a trade is executed; the clearing corporation clears the obligations of buyers and sellers.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-sebi-rule-for-opening-a-demat-account\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Rule_for_Opening_a_Demat_Account\"><\/span>SEBI Rule for Opening a Demat Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The key SEBI rules for opening a demat account are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SEBI Registered DP: <\/strong>One should <a href=\"https:\/\/www.pocketful.in\/open-demat-account\">open a demat account<\/a> only with a SEBI-registered Depository Participant, as only DPs are allowed to open a demat account for investors.<\/li>\n\n\n\n<li><strong>Mandatory KYC: <\/strong>Investors are required to complete their KYC process to open a demat account. For this, the key documents required are PAN, Identity Proof, etc.<\/li>\n\n\n\n<li><strong>No Requirement of Balance:<\/strong> Generally, it is not required to maintain a minimum balance in their demat and trading account, unlike a bank account.<\/li>\n\n\n\n<li><strong>Nomination<\/strong>: Investors are required to appoint a nominee in their demat account or give a declaration that they do not wish to nominate anyone in their demat account. This is a mandatory process.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-sebi-rule-for-closing-a-demat-account\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Rule_for_Closing_a_Demat_Account\"><\/span>SEBI Rule for Closing a Demat Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The rules defined by SEBI to close a demat account are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Submission of Closure Request:<\/strong> You need to submit an account closure request to your DP. The submission can be made through an online process or through a physical form.<\/li>\n\n\n\n<li><strong>Clearance of Securities: <\/strong>One should make sure that all the securities in the demat account can either be sold or transferred to another trading account.<\/li>\n\n\n\n<li><strong>Settle Due:<\/strong> If there are any outstanding charges in the demat account that should be settled before closing the demat account.<\/li>\n\n\n\n<li><strong>Zero Account Closure Charges:<\/strong> The key rule defined by SEBI is that no broker can charge any account closure charge on an investor.<\/li>\n\n\n\n<li><strong>Timeline for Account Closure:<\/strong> The timeline defined by SEBI to close a demat account is 30 days after the DP receives the required documents.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/how-to-close-your-demat-account-online\/\">How to Close Your Demat Account Online?<\/a><\/p>\n\n\n\n<h2 id=\"h-sebi-rule-for-nomination-in-demat-account\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Rule_for_Nomination_in_Demat_Account\"><\/span>SEBI Rule for Nomination in Demat Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The rules of nomination in a demat account defined by SEBI are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nomination Up to 3 People:<\/strong> One can nominate up to 3 persons in their demat account.<\/li>\n\n\n\n<li><strong>Mandatory<\/strong>: According to the new regulation defined by SEBI, it is mandatory to provide a nominee in the account unless specifically choosing to opt out by nomination.<\/li>\n\n\n\n<li><strong>Change or Cancellation of Nominee:<\/strong> The nominee can be changed or cancel anytime that provides flexibility to choose them.<\/li>\n\n\n\n<li><strong>Nominee Percentage:<\/strong> If you have added more than one nominee in your demat account, you can define the percentage of allocation among them.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-sebi-rule-for-dematerialisation-of-shares\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Rule_for_Dematerialisation_of_Shares\"><\/span>SEBI Rule for Dematerialisation of Shares<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The rules related to dematerialisation of shares are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Demat Before Transfer: <\/strong>Whenever you want to sell or transfer your physical shares, you need to get them converted into electronic form.<\/li>\n\n\n\n<li><strong>Verification of Physical Shares:<\/strong> The physical shares need to be verified by the RTA before completing the demat process.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-sebi-rule-for-basic-services-demat-account-bsda\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Rule_for_Basic_Services_Demat_Account_BSDA\"><\/span>SEBI Rule for Basic Services Demat Account (BSDA)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Investors are required to pay a small amount towards the annual maintenance charge for maintaining a demat account with the broker.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Single Account:<\/strong> The investor should have only one demat account and must be an individual. The value of securities should not exceed 10 Lakh.<\/li>\n\n\n\n<li><strong>AMC Limit:<\/strong> If the securities have a value of up to 4 lakh, there will be no AMC applicable. However, if the value of securities increased from 4 lakh to 10 lakh, the <a href=\"https:\/\/www.pocketful.in\/mutual-funds\/amc\">AMC<\/a> will be charged up to INR 100.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-sebi-rule-for-minor-demat-account\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Rule_for_Minor_Demat_Account\"><\/span>SEBI Rule for Minor Demat Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The SEBI rules defined for a minor demat account are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>No Joint Holder:<\/strong> The minor\u2019s demat account cannot be opened as a joint holder, or it can be added as a joint holder in another demat account.<\/li>\n\n\n\n<li><strong>Operated by Guardian:<\/strong> The guardian of the minor is responsible for operating the minor&#8217;s demat account. They can operate the account until the minor gets a major.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-sebi-rule-for-nri-demat-account\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Rule_for_NRI_Demat_Account\"><\/span>SEBI Rule for NRI Demat Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">NRIs can also operate a demat account in India, and the rules of SEBI related to NRI demat accounts are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>NRI Account:<\/strong> NRIs must open a separate NRI demat account with the broker. However, this account cannot be opened online; it can only be opened through a physical form.<\/li>\n\n\n\n<li><strong>Different Bank Account:<\/strong> The bank account linked with the NRI demat account cannot be a regular bank account. NRIs are required to link a different bank account with the demat account, and the account includes NRO and NRE accounts.<\/li>\n\n\n\n<li><strong>Limit on Investment: <\/strong>There are certain restrictions applicable on the limit of investments to be made through an NRI demat account.<\/li>\n\n\n\n<li><strong>Conversion of Account:<\/strong> If a resident individual becomes an NRI, they must convert their regular demat account into an NRI Demat account as soon as they become an NRI to operate it efficiently.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-sebi-grievance-redressal-mechanism\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SEBI_Grievance_Redressal_Mechanism\"><\/span>SEBI Grievance Redressal Mechanism<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">SEBI has a very strict grievance mechanism to protect the interests of investors:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Concerned Depository Participant:<\/strong> In case of any issue, the investor first needs to approach the entity with which they have an issue. It can be a broker, mutual fund company, etc.<\/li>\n\n\n\n<li><strong>SCORES<\/strong>: If the complaints are not resolved by the entity to which it belongs, the investor can then approach SEBI through a dedicated online portal known as \u201cSCORES\u201d. One can create their account on this platform and file complaints; along with this, they can track it.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/trading\/sebi-mtf-rules\/\">SEBI MTF Rules 2026 Explained<\/a><\/p>\n\n\n\n<h2 id=\"h-conclusion\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">On a concluding note, a demat account has made investing in <a href=\"https:\/\/www.pocketful.in\/etf\">ETFs,<\/a> <a href=\"https:\/\/www.pocketful.in\/stocks\">stocks<\/a>, <a href=\"https:\/\/www.pocketful.in\/bonds\">bonds<\/a>, etc. much easier than earlier. But there are various rules and regulations laid down by the regulating agency, the Securities and Exchange Board of India, related to account opening, conversion of physical shares, nominee, etc. And if you face any problem with any market participants, you can directly raise a complaint to SEBI if it has not been resolved with the intermediary. However, as an investor, you must understand all the rules and regulations before starting your investment journey and consult your investment advisor.<\/p>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">S.NO.<\/th><th class=\"has-text-align-left\" data-align=\"left\">Check Out These Interesting Posts You Might Enjoy!<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\">1<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/collateral-amount-in-demat-account\/\">What Is Collateral Amount In Demat Account?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">2<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/how-to-protect-demat-account-from-fraud\/\">How to Protect Demat Account from Fraud: 15 Safety Tips<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">3<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/how-to-open-demat-account-for-private-limited-company\/\">How to Open a Demat Account for a Private Limited Company in India<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">4<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/demat-account-for-partnership-firm\/\">How to Open a Demat Account for Partnership Firms &amp; Required Documents?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">5<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/how-to-change-name-in-demat-account\/\">How to Change Name in Demat Account<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">6<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/what-is-repatriable-demat-account\/\">What is a Repatriable Demat Account?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">7<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/how-to-open-an-llp-demat-account\/\">How to Open an LLP Demat Account in India: Documents &amp; Process<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">8<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/what-is-power-of-attorney-poa\/\">What Is Power of Attorney (POA) in a Demat Account?<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">9<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/what-is-fifo-in-demat\/\">FIFO in Demat: Meaning, Rules &amp; Tax Impact<\/a><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">10<\/td><td class=\"has-text-align-left\" data-align=\"left\"><a href=\"https:\/\/www.pocketful.in\/blog\/demat\/ledger-balance-in-demat-account\/\">What is Ledger Balance in a Demat Account?<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"h-frequently-asked-questions-faqs\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">Is it mandatory to add a nominee in a demat account?<\/h3><p class=\"saswp-faq-answer-text\">No, it is not mandatory to add a nominee to a demat account; however, if you do not wish to opt for nomination, you must provide a declaration related to it. But it is advisable to add a nominee for smooth transmission of securities after the death of the holder.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is a BSDA demat account?<\/h3><p class=\"saswp-faq-answer-text\">A BSDA account is commonly known as a Basic Service Demat Account. Only an individual can have this demat account, and it offers lower AMC charges. There is zero AMC on a BSDA account having holdings up to 4 lakhs; however, up to 100 INR AMC is applicable on accounts having securities valued between 4 lakhs and 10 lakhs.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Can I still hold securities in physical form?<\/h3><p class=\"saswp-faq-answer-text\">Yes, you can still hold securities in physical form; however, before transferring securities, one is required to get them dematerialised as it is mandatory by SEBI.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">What is the full form of SCORES?<\/h3><p class=\"saswp-faq-answer-text\">The full form of SCORES is SEBI Compliant Redress System. It is an online platform through which an investor can raise complaints against any registered market intermediaries and can track them online.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Can a demat account be opened in the name of a minor?<\/h3><p class=\"saswp-faq-answer-text\">Yes, a demat account can be opened in the name of a minor; however, it has to be operated under the supervision of guardians.\u00a0<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>Opening a demat account is very easy nowadays, but before opening a demat account and starting your investor journey, one must be aware of the SEBI rules for demat accounts because SEBI has introduced various guidelines related to each and every aspect of a demat account. Today, we will give you an overview of SEBI [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":30023,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[256],"class_list":["post-30015","demat","type-demat","status-publish","format-standard","has-post-thumbnail","hentry","category-demat-account"],"acf":{"freelancer":"Harjyot"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI Rules for Demat Account: Opening, Closure &amp; More<\/title>\n<meta name=\"description\" content=\"SEBI rules for demat account explained, covering account opening, closure, nomination, BSDA, minor and NRI demat accounts, and investor complaints.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI Rules for Demat Account: Opening, Closure &amp; 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