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A demat account is an online repository where securities like shares, Mutual Funds, IPO stocks etc., bought from the stock exchanges are held in the electronic form. A demat account is mandatory to buy shares and mutual funds or trade in F&O.
A demat account is different from a trading account .
Once you've opened your Angel Broking demat account it is linked with your trading and a savings bank account. Securities bought using the linked trading account are credited to your demat account. Whenever you sell any security, it will be debited from your demat account. The entire process happens online and Angel Broking takes care of it.
You'll be informed of your demat account transactions through email and SMS.
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