Yes, a Demat account in India can be closed anytime and re-applied for later. If you're switching brokers or not actively investing, you can submit a closure request and later open a new one with any registered Depository Participant (DP).
???? What is a Demat account ?
A Demat (short for "Dematerialized") account allows you to hold shares and securities in electronic format, making it a must-have for safe and efficient online trading in the stock market.
???? Open a Demat Account Online
Opening a new Demat account is quick and paperless. With JM Financial, you can complete the process in minutes using PAN, Aadhaar, and eKYC.
???? Open a Demat account online with JM Financial and start trading instantly.