What are the requirements for opening an HUF demat account in India HDFC Bank?

1 ANSWERS

1. Guest6658
   

   The requirements are the same as that of opening an individual demat account except that the account will be opened in the name of the KARTA. No joint holding and nomination is permitted in this account. In addition the stamp of the KARTA should be affixed at all places signed by the KARTA.
   PAN copy of both the HUF and Karta is required to be submitted. Also Coparcener’s declaration stating the name of the Karta and their relationship to the Karta is to be mentioned.

   Report (0) (0)  |   12 years, 8 month(s) ago