RE: What is Demat Account?
What is Demat Account? what is the use of it?
Demat account, the abbreviation for de-materialised account, is a type of banking account which de -materializes paper-based physical stock shares. Demat account is an account wherein you can hold shares of various companies in the de-materialised (electronic) form.
The dematerialised account is used to avoid holding physical shares.
