What are different Demat Accounts available in India?

A Demat Account is digitalised that keeps shares in the same format. You can buy stocks and store them safely with the account. It is like having a Bank Account. Shares, Bonds, Exchange-Traded Funds, Mutual Funds, Government Securities, and other investments are held in this account.
When you buy shares, they get credited to your Demat Accounts, and when you sell them, they get deducted. Any shares you own in the paper form gets dematerialised and kept in electronic form. Three accounts appeal to different categories of investors. Here are the types of Demat Accounts:
Regular Demat Account
This account gets used by traders who are Indian citizens. Depositories such as NSDL and CDSL offer regular Demat Account services in India through intermediaries such as DPs and Stockbrokers. Charges for standard Demat Accounts vary depending on the amount in the account, the type of subscription, and the terms and conditions set forth by the depository and the DPs.
Repatriable Demat Account
Non-Resident Indians benefit from this account because it permits them to move funds internationally. It necessitates the use of a Non-Resident External or NRE Bank Account. An NRI can swiftly invest in the Indian stock market by opening a Repatriable Demat Account from anywhere globally. The transactions appear in the Demat Account right away.
Those who want to open a Repatriable Demat Account would need an NRE Account as well. Like regular Demat Accounts, NRI Demat Accounts can have joint holders who must be Indian citizens regardless of residency status.
Non-Repatriable Demat Account
This is for Non-Resident Indians as well. However, funds do not get transferred outside of the United States in this circumstance, and it requires a linked Non-Resident Ordinary or NRO Bank Account. An NRI who earns money both in India and abroad has real problems managing their finances. They also find it tough to keep track of bank accounts in another nation and transfer money back to their home account. They can have peace of mind with NRE & NRO Demat Accounts.
If you are above 18 years old and an Indian resident, you can open a Demat Account. You need to, however, submit valid proofs along with the account opening form. NRIs will have a separate documentation process for their accounts.