The Demat Account : What is it and Why Do You Need One
Understanding Demat accounts is as easy as saving accounts. In banks, as we have a savings account that protects our funds from any kind of theft or mishandling, A Demat Account (or Dematerialised account ) is the name for investors. It’s known as a ‘prerequisite for stock investment’. A Demat Account serves the purpose of holding shares and security funds in electronic format. The sole purpose of opening a Demat Account is to hold the purchased shares or dematerialize them. And this smoothens the process of trading, especially for online users. In India, these account services are offered for free by depositors like CDSL and NSDL. It often happens with Demat customers that they’re in need to change addresses in the demat account or name change. To help you with such doubts, we have presented this article. So, let’s get started! What is a Demat Account? Broadly known as a dematerialized Account. It provides the service of holding shares and security funds of investors