InvestRight 2-in-1 Demat Account: Eligibility

Who is Eligible to Open a 2-in-1 Demat Account? 

The basic eligibility for 2-in-1 Demat Account includes: 

• Age Requirement: You must be at least 18 years old. However, if minors wish to open an account, they need a guardian to operate it until they reach the legal age. 
• Indian Residency: Indian residents, including salaried employees, self-employed individuals, and students, can open an account if they have valid proof of identity and address. 
• KYC Compliance: You must be compliant with Know Your Customer (KYC) regulations. This involves submitting documents like PAN card, Aadhaar, and recent photographs to verify identity and residence.  
• Valid Bank Account: You need active HDFC Bank Savings or Salary account to open a 2-in-1 Demat Account  

InvestRight 2-in-1 Demat Account Eligibility Criteria for NRIs 

Non-Resident Indians (NRIs) can open a 2-in-1 Demat Account with HDFC Bank offline. You must comply with a few additional guidelines due to your non-resident status: 
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• NRE and NRO Account Linkage: You must choose between an NRE or NRO savings account to link with your Demat account. An NRE account allows the repatriation of funds, while an NRO account holds income generated within India. This choice impacts tax obligations and the flexibility of fund transfers. 
• Repatriation and Non-Repatriation Basis: You can choose to open the account on a repatriation or non-repatriation basis. For repatriation, an NRE account is necessary. For non-repatriation, an NRO account is preferred.