Joint Demat Account
Whatever your investing style, we have a solution for you
For First Year
Opening Charges
Customers
Benefits of Opening a Joint Demat Account With Anand Rathi
Fully Online & User-Friendly
Open, track, and manage your joint account seamlessly through a simple digital platform.
Multi-User Access & Control
Joint account holders can view, trade, and collaborate while maintaining transparency and defined permissions.
Research & Advisory Support
Get professional insights from expert analysts to make informed decisions across your joint holdings.
Diverse Investment Opportunities
Invest in equities, mutual funds, IPOs, and other options — all through a single joint account.
Real-Time Tracking
Monitor holdings, transactions, and portfolio performance anytime, anywhere with advanced tools from your online joint demat account.
Reliable Support & Account Safety
Get dedicated relationship managers to assist with queries, while your investments remain fully secure and compliant.
Key Features of a Joint Demat Account
Multiple Account Holders
Allows two or more individuals to hold and manage a single Demat joint account jointly.
Single Portfolio View
All holdings and transactions are consolidated in one joint demat account online for easy tracking.
Account Operating Instructions
Transactions are carried out as per the operating instructions selected during account opening.
Documents Required To Open A Joint Demat Account
PAN Card and Aadhaar – Mandatory for all account holders.
Proof of Identity – Passport, Aadhaar, Voter ID, or Driving License (any of the following).
Proof of Address – Aadhaar or valid Passport
Passport-Size Photographs – Recent photos of all account holders (for offline modes).
Bank Account Details – Cancelled cheque, Passbook, or bank statement for linking.
Process To Open A Joint Demat Account With Anand Rathi
1
Start the Online Application
Begin the Joint Demat Account opening process through Anand Rathi's online platform.
2
Add Joint Account Holders
Enter details of all joint holders as per the chosen holding pattern.
3
Complete KYC Verification
Submit PAN, address proof, and complete digital KYC for all account holders.
4
Upload Required Documents
Upload supporting documents and bank details securely online.
5
Review & E-Sign
Verify details and complete the process using e-sign or digital authentication.
6
Account Activation
Once verified, your Joint Demat Account is activated and ready to use.
FAQs
What is a Joint Demat Account?
A Joint Demat Account is a dematerialised account held by two or more individuals to jointly hold and manage securities. A maximum of three holders is allowed—one primary holder and up to two joint holders.
How many holders can a joint demat account have?
A demat joint account can have up to three holders: one primary holder and a maximum of two joint holders.
Can I open a joint demat account with Anand Rathi?
Yes. Resident Indian individuals can open a joint demat account online. Other account types such as HUFs, NRIs, corporates, or trusts are subject to applicable KYC norms and may require offline processing.
Can NRIs open a joint demat account in India?
Yes. NRIs can open a joint demat account through an offline process, subject to RBI regulations and completion of required KYC.
Are joint account holders limited to family members only?
No. There are no relationship restrictions during demat account opening. Family members, friends, or any eligible individuals can be added as joint holders.
Can I add my wife’s or parents’ name to a joint demat account?
Yes. You can add your spouse or parents as joint holders, subject to documentation and KYC requirements.
Can a person act as a joint holder in more than one demat account?
Yes. A person can be a demat joint account holder in multiple demat accounts, provided they are opened with different brokers.
Can I convert a single demat account into a joint one?
Yes. Existing single-holder demat accounts can be converted into joint accounts, usually through an offline process. For new accounts, the joint holder option is available online during account opening.
Is it mandatory to have a nominee in a joint demat account?
No. Nomination is optional; however, it is strongly recommended to ensure smoother transmission of securities.
What happens if the primary holder passes away?
The surviving holder(s) must inform the broker and submit the required documents for transmission. In many cases, the second (or surviving) holder becomes the primary holder after due process.
In case, all the holders pass away, the nominee will get all the assets. However, in the absence of nominee, the legal heir of the youngest holder gets the right.
What are the account opening, maintenance, or transaction fees for a joint demat account?
Joint demat accounts follow the same fee structure as individual demat accounts, with no additional charges for joint holders.
How long does the online account opening and activation process take?
The online account opening typically takes 7–15 minutes. Once approved by the Head Office, the account is activated within approximately 3 hours.
Who is liable for taxes in a joint demat account?
Tax liability lies with the primary holder, based on income earned from the investments. Investors are advised to consult a tax advisor for personalised guidance.
What kind of customer support is available during or after joint demat account opening?
During account opening, clients receive dedicated Relationship Manager (RM) assistance. Post activation, support is available via RM, Dealer support, and the Customer care call centre.
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