scorecardresearchWhat is a demat account and who needs to open it?

What is a demat account and who needs to open it?

Updated: 19 Jun 2022, 02:00 PM IST
TL;DR.
A demat account is required if you want to do stock trading. A demat account works in the same way as a bank account. When you sell or buy stock, the shares in your account are either debited or credited. Read further to get a better understanding!
A Demat Account or Dematerialised Account provides the facility of holding shares and securities in an electronic format.

A Demat Account or Dematerialised Account provides the facility of holding shares and securities in an electronic format.