InvestorQ : I want to open demat and trading account. I am new and inexperienced. Please suggest me which one is best.
jinny chaddha made post

I want to open demat and trading account. I am new and inexperienced. Please suggest me which one is best.

Answer
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Khushi Patel answered.
1 year ago


Demat account or dematerialized account is an account that allows you as an investor to hold shares, bonds, government securities and mutual funds in electronic form. It is mandatory to have a demat account to make transactions in the stock market
It is basically like a bank account, where you have your money and respective entries are done in bank passbook. In similar form, securities are too held in electronic form and are debited or credited accordingly.

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