Demat accounts play a crucial role in the Indian financial landscape, serving as a repository for securities in electronic format. Whether you are a resident Indian or a Non-Resident Indian (NRI), having a demat account is essential for trading and investing in the stock market.Both Indian citizens and non-residents can trade securities on Indian stock exchanges. Demat accounts for non-resident Indians are known as NRI Demat accounts. However, customers who reside in India can create a standard or regular Demat account. For non-resident Indians, the Foreign Exchange Management (FEMA) mandates the creation of an NRI Demat account.