@patelvir91 wrote:
Yes, you can open more than one account at the same name either with same or different Depository Participants (DP). An investor has to fill the KYC form every time he opens a new account. The KYC norms include Proof of Identity, Proof of Address requirements as stipulated by SEBI and PAN number. The investor has to show the original PAN card at the time of opening of demat account.
At present in the case of a joint demat account, both the holders have to sign all the instructions given to the DPs. There is no option to operate these accounts on either or survivor or No.1 or survivor basis, as is available in bank accounts. For a joint demat account, account modification form has to be signed by all the joint holders. Securities can be transferred from a single holder account to a joint account or vice-a-versa.