Why PAN Card is compulsory to open demat account?

asked Wednesday, May 4, 2016

In order to enhance 'Know Your Client' norms, the Securities and Exchange Board of India has made Permanent Account Number (PAN) mandatory for openings demat accounts on or after April 1, 2006.

By law you have to provide the PAN number to open demat account.

answered Wednesday, May 4, 2016

1 Comments

1. Vikash Sahu

| Link|March 17, 2018 12:53:21 PMReply

Can a minor open demat without having PAN CARD?
If so, how to open?

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