What is a Demat Account?

Deepaknegi12 May, 2022Finance

A Demat Account or Dematerialised Account provides the facility of holding shares and securities in an electronic format. A Demat account is a necessary account to hold financial securities in a digital form and to trade in the share market. In India, Demat accounts are maintained by two depository organizations, the National Securities Depository Limited and the Central Depository Services Limited.