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Can someone else operate my demat account on my behalf on the basis of Power of Attorney?

April 26, 2017account basis behalf demat operate power of attorney

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Can someone else operate my demat account on my behalf on the basis of Power of Attorney?

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Yes. If you authorise any person to operate your account by executing a power of attorney and submit it to your DP, that person can operate the account on your behalf. Ensure that the POA has the signature of both you being a Donor and the Donee. POA holder is also subject to KYC norms of the bank.