How to Open a Joint Demat Account with Family Members in India – Complete Guide 2025

How to Open a Joint Demat Account with Family Members

A joint Demat account is a great option for families or couples who want to invest together. Whether you’re planning for long-term wealth, estate planning, or simply shared financial control—a joint account provides convenience and clarity.

In this blog, we’ll explain how joint Demat accounts work, the benefits, and how to open one with One Solution.

What is a Joint Demat Account?

A joint Demat account is a single account shared between two or more individuals. It works just like a regular Demat account but is operated jointly by all holders.

• Typically allows up to three account holders

• One person acts as the primary holder

• Other holders are joint or nominee participants

Who Can Open a Joint Demat Account?

You can open a joint account with:

• Spouse

• Parent or child

• Siblings

• Any family member or trusted relative

Note: All holders must be KYC-compliant and residents of India.

Benefits of a Joint Demat Account

1. Shared Control Over Investments

Ideal for families managing finances together.

2. Simplified Asset Management

Helps avoid ownership confusion in case of death or disputes.

3. Backup Access

If the primary holder is unavailable, joint holders can operate the account (depending on mandate).

4. Estate Planning Tool

Makes future succession or transmission of shares easier.

Step-by-Step: How to Open a Joint Demat Account

Step 1: Fill Out the Joint Application Form

• Available online or through your broker

• Mention names and order of account holders (primary, second, third)

Step 2: Complete KYC for All Holders

Each person must submit:

• PAN card

• Aadhaar card

• Photograph

• Signature

• Proof of address

Step 3: Set Mode of Operation

Choose how the account will be operated:

• Jointly: All holders must sign for any action

• Either or Survivor: Any one holder can operate

Step 4: Submit the Form and Documents

Send them online (if supported) or visit a branch (for offline brokers).

Step 5: Account Activation

Once verified, the joint Demat account is activated within 2–5 working days.

How One Solution Makes It Easy

At One Solution, we simplify the process:

• Free joint Demat account opening

• Paperless KYC for all holders

• Guided support through each step

• Easy share transfers and IPO participation

• Low brokerage plans and secure access for family investing

Final Thoughts

Joint Demat accounts are perfect for families and partners looking to invest together and manage assets with transparency. With One Solution, you get a simple, secure, and low-cost way to build wealth—together.

Start investing as a family. Open your joint Demat account with One Solution today.