Free Demat Account online - Upstox

Smita Sharma20 Dec, 2021Finance

A Demat (abbreviated form of dematerialisation) Account allows investors to hold shares and securities in electronic format or Digital Form. Demat Account was started with an aim of facilitating safe, easy and convenient trade for users. Demat accounts are maintained by National Securities Depository Limited and Central Depository Services Limited and the banks act as intermediary. It is just like a bank account, the only difference being that when a bank account holds cash, the Demat account holds shares and other securities. Its allow the investor to buy and sell shares and stock from the comforts of your home with the click of a mouse, and without any paperwork.