Srinagar, Feb. 5 -- What is a Demat Account?

A demat account, short for dematerialised account, is an electronic repository where investors can hold their shares and securities. It eliminates the need for physical share certificates and makes the entire process of shareholding secure and convenient. When you open a demat account, you gain the ability to hold multiple types of shares, bonds, and mutual funds in a single account.

In today's digital age, opening a demat account is essential for anyone looking to participate in the stock market. It not only makes share transactions easier but also reduces the risk of losing physical certificates. Moreover, a demat account ensures that the transfer of shares is smooth and hassle-free.

How t...