Account/Folio Opening

Modified on Thu, 30 May 2024 at 02:39 PM

Single Name Account

What are the things required to open an account/folio in a single name?


  • Aadhaar number

  • PAN

  • Bank account details

  • The mobile number linked with Aadhaar


Can I open more than one account/folios?


Yes, individual investors can open more than one account/folios.


Joint name accounts


Should the joint holders be related to each other?


No, there is no such requirement in relation to opening a joint account.


Is there any limit on the number of persons who can jointly open an account?


Yes, a maximum of three persons can be joint holders.


What are the different types of operating instructions that can be given in a joint account?


Joint holders can opt for the ‘Anyone’ or ‘Joint’ mode of operating the folio.


What are the implications of various instructions in a joint account?


In the case of ‘Anyone’ mode, financial and non-financial transactions in the folio will be processed if any one of the holders has signed the request.

In the case of ‘Joint’ mode, financial and non-financial transactions in the folio will be processed if all the holders have signed the request.


What are the things required for opening a joint account?


  • Aadhaar number of all the joint holders

  • PAN of all the joint holders

  • Bank account details where the first holder is one of the account holders

  • Mobile number linked with Aadhaar



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