Question

Mrs. Alka wishes to open a Demat account in her name:

1. Can she open the account going to Mumbai office of NSDL?
2. Is she required to pay for opening of account and its maintenance?
3. Does she have to send the shares to respective company for demating?

Answer 1

1. No. Mrs Alka cannot open a demat account with NSDL. This is because NSDL is a depository. The demat account is opened with Depository Participant.
2. Yes. Mrs Alka is required to pay for opening an account and its maintenance.
3. No, Mrs Alka is not required to send the shares to the respective company for demating.