Holding a demat account reduces brokerage charges, makes pledging/hypothecation of shares easier, enables quick ownership of securities on settlement resulting in increased liquidity, avoids confusion in the ownership title of securities, and provides easy receipt of public issue allotments.
In most of the banks, an individual account can be opened resident or non-resident category depending upon the resident status of the applicant.
Visit the following banks with online Internet banking facility who also provide the facility to open a demat account. You can view the instructions and signup with one of them to open a demat account.
ICICI Bank - http://www.icicibank.com HDFC Bank - http://www.hdfcbank.com Bank of Punjab - http://www.bankofpunjab.com Standard Charted Bank of India - http://www.standardchartered.com IDBI Bank - http://www.idbibank.com HSBC - http://www.hsbc.co.in Union Bank of India - http://www.unionbankofindia.com etc.
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