What Demat Account means?

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A demat account stands for a dematerialized account. It works as a personal locker for individual investors to store securities or shares in an electronic format.

The demat account system was introduced in 1996 to take away the physical handling of shares related documents and certificates. If you want to invest or trade across securities in India, you are required to have the demat account first.

Topic: Where to open a demat account? Article

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