Who is eligible to open a Demat Account?
Eligibility Criteria to Open a Demat Account
Under the mandate of the Securities and Exchange Board of India (SEBI), all investors are required to carry out purchase and sales of bonds, mutual funds, exchange-traded funds (ETF), shares, government securities, initial public offerings (IPO) and systematic investment plans through Demat accounts. Any resident or non-resident of India can open a Demat account through a Depository participant (DP). However, the investor must meet the requirements set by SEBI to open a Demat account