What is the role of Demat Account in Trading?
Stock exchanges have started to work through an electronic system for share trading since the mid-90s and all the trades in the stock markets take place electronically. To know more about this system and enjoy the benefits of it, you need to open a Demat and trading account. Online trading refers to buying or selling financial securities electronically using trading accounts and credit or debit it to or from your Demat account. The key role of the Demat account is to hold your financial securities in the Dematerialized form.
Demat Account Meaning
Demat account is the repository of financial securities. Dematerialization is the process of transforming physical shares into electronic or digital forms. Therefore, it’s not required for the person to be present at the stock exchange phys...