So what is a Demat Account?
A Demat is just a
shortened way of saying Dematerialized account. A Demat account is a
personal account for purchasing and selling stocks. Some say it is similar
to a savings account that you open with a bank. A savings account holds your
money electronically and a dmat account holds your stocks electronically. If
you are looking to purchase and sell stocks, then it is mandatory to open up
a demat account. When you want to open a Demat account, you need to go to a
DP (depository participant). All of the purchases and sells of stocks that
you make will show in you demat account and the DP will give you statements
showing all of these transactions.
Once you setup your Demat + Trading
account in India, then you can approach any broker to learn trading in
Indian shares online.
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