RE: What is Demat Account?
What is Demat Account? what is the use of it?
Similar to a Bank account which holds your Money, Deposits etc, A Demat account or an online demat account is the account which holds Shares, bonds, government securities, mutual funds and exchange traded funds (ETFs). In simple terms, a demat account is a must have and first step for transacting in the share market.
Demat Account has made life a lot simpler bringing in paper less transactions avoiding all manual processes. There are many benefits to Dematerialization process
Common account
Auto Update
Lower cost
Safe and Secure
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