Comment on POA - Power of Attorney for your Demat account

Nithin Kamath commented on 29 Nov 2014, 09:14 AM

Dr, until date we have never kept any shares in our pool account, when you buy stocks and we get delivery of it, it is sent directly to your demat account. I guess any of our clients will vouch about this. There is no such line that is there in the account opening form, not just with us but any other brokerage as well. No life time AMC for demat. Even if you open an NSDL with our partners ILFS, you will be able to transition to ours when we start the DP business free of cost.

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