You can open a demat account in less than 30 minutes! After that, the exchanges begin their verification and approval process, and shortly after, your account will be ready for investing.

No. SBI doesn't have account opening or annual maintenance fees. It's like having a Demat account that doesn't come with any extra fees.

Yes, you can have multiple Demat accounts, but only with different brokerage firms. You can't have multiple accounts with the same broker.

The following documents are all you need to open a demat.
1. Address Proof (Aadhar, Passport, Voter ID, or Driving License).
2. Bank Proof (Account Statements, Cancelled Cheque, Passbook).
3. Identity Proof (PAN).
4. Income Proof (Bank Account Statements, Salary Slips, ITR).
5. Signature. 6. Photograph.

No, it’s not compulsory to assign a nominee when you open a demat account but it’s always a preferable option to do.