Opening a demat account is a simple enough process. In addition to being aware of the documents required, you’ll also need to get to know the fees and charges associated with opening a demat account. In today’s financial climate, a demat account is indispensable to buy or sell electronic shares. Before delving into the charges levied for account opening and for other services, it’s essential to understand the advantages of a demat account.
No, it is not mandatory to have a nominee for your demat account.