The stock market has seen significant changes since the introduction of demat accounts. Demat refers to “Dematerialization” of shares. Know the meaning, need and importance of Demat Account in India. Simply speaking, Demat account allows you to store securities in electronic form.
You might have heard of Demat account in India. When we talk of stock investing or stock trading, we often listen about "Demat account". So, I thought to express some useful info on the need and importance of demat account in India.
Gone are the days, when people used to store physical share certificates. So much hassle to secure these important pieces of paper and avoid them getting stolen or lost. This is when demat account comes to our rescue. No worries to carry this exhausting task of storing paper shares when you have the facility to store them in electronic form. Did you get my point?
So, Demat account allows you to store your shares in electronic form rather than holding them in physical form. Demat simply refers to "Dematerialization" of shares. Just as you have a bank account and carry online transactions. Similarly, Demat account helps you to keep your investments safely.
Need and Importance of Demat account in India:
To enjoy a seamless access to different services on your trading and investing path, you need to have a Demat account.
What do you think? Are you interested in long term investing or day trading? Do you have a Demat account? What are your opinions on the same? Any points to share.
It's a safe heaven for storing shares that you might have purchased. It's required for any person looking to trade in the stock market.
The importance of demat account can't be ignored in this digital era. We have entered the digital age where everything is getting online. Just few clicks & you can do different transactions. So, investing & trading in stocks is no exception. Opening a Demat account simplifies the entire investment process. These days 3-in-1 Demat-Trading-Bank accounts or 2-in-1 Demat-Trading Account options are easily available with different stock brokers in India. The Demat account opening process has also become simple involving less paperwork & documentation. It's high time we realise the importance of demat account in India.