You can have more than one demat account, which is like a digital locker for your investments. There isn’t a specific limit on how many demat accounts you can have. But before opening multiple accounts, there are a few things you should keep in mind.

First, having multiple demat accounts means more paperwork and tasks to manage your investments. You’ll need to keep track of transactions, maintain records, and stay organized.

Second, each demat account may have its own fees and charges. These can include maintenance charges, transaction fees, and annual fees. Holding multiple accounts can increase these costs, so it’s important to consider the expenses involved.

Third, some people open multiple demat accounts to separate different types of investments or to diversify their portfolio. This can help them manage their investments better based on their goals or strategies.

Lastly, it’s important to follow the legal and regulatory rules related to investments and securities in your country. While there’s usually no restriction on the number of demat accounts you can have, it’s essential to comply with the applicable laws.

To make the best decision for your situation, it’s a good idea to seek advice from a financial advisor or professional. They can guide you on whether having multiple demat accounts is suitable for you and help you understand the implications involved.