What is a Demat account?
Demat account is an account through which you can trade online in the stock market. In order to place your trade orders online on the trading platforms, you will then require a Demat account where your transactions can take place. In other words, the Demat account is as same as a Bank account. Just like a bank account holds your money, a Demat account will hold your securities. Your securities, in whichever form you hold be it stocks, bonds, exchange-traded funds, and mutual funds, will be held in electronic form in your Demat account. The Demat account allows you to keep your securities in dematerialized form rather than storing physical certificates. It is a must that you have a Demat account if you want to start trading in the stock market. Your Demat account can be opened with Depository Participants (DP) . Depository Participants are the organizations that will serve as a link between investors and depositories. Two depositories that are registered with SEBI as of now are NS