In what holder combination do I need to open my Citibank Demat Account?
You need to open your Demat Account in the same holder combination as you own the physical shares / securities. Thus, if you currently own shares in the names of A, B and C – your Demat Account also needs to be opened in the same holder combination. In addition to the above, if you also own shares in the name of A and B only, a separate Demat Account needs to be opened in this holder combination. Please note: The sequence of the holders in the account is also very important. However, if you own shares in the names of B, A and C (in this order), then these shares can be dematerialised and credited to the account opened in the names of A, B and C (in this order). A transposition form would also need to be submitted along with the demat request. Please note: all Demat Accounts with more than one holder are to be operated jointly by all the holders i.e. these accounts cannot be operated as ‘Either or Survivor’ or ‘Anyone or Survivor’.
