What Is DEMAT Account?
In this video we talk about what is a DEMAT account?
Some important things that you should know about DEMAT account:
1. A demat account allows you to store/manage/view all your share certificates and other securities in electronic format.
2. Demat stands for dematerialisation and this type of account allows you to hold investments like shares, bonds, government securities, Mutual Funds, Insurance and ETFs easily, When you have a demat account you are not required to physically handle and maintain anything that is printed on paper like share certificates etc.
3. If you want to invest in National Stock Exchange (NSE) or Bombay Stock Exchange (BSE), then a Demat account number is mandatory, as it allows you to perform electronic settlements of all the trades and transactions that you do.
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