DEMAT ACCOUNT

A Demat (short for Dematerialized) account is an electronic account used to hold and manage investments like ¹:

- Stocks

- Bonds

- Mutual Funds

- Equity Traded Funds (ETFs)

- SGBs

A Demat account is needed to buy or sell financial securities. Here are some benefits of opening a Demat account ¹:

- Easy Tracking: Demat accounts make it easier to track and monitor investments online

- Reduces Risks: No risk of theft, forgery, or misplacing investments

- Saves Time: Lesser time to buy and sell investments online instead of physical transactions