Description
Demat account is a short-form for Dematerialized account, and is used to hold financial securities like stocks, bonds, mutual funds etc. in electronic form. When you buy shares, they are credited to your Demat account in your name. This eliminates the need for physical certificates. You can monitor the holdings in your Demat account and sell/buy securities through it when needed. Having a Demat account is an essential rule for trading in most stock exchanges today. Leading depository institutions that offer Demat account services are NSDL, CDSL, banks, brokers, etc.
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