What is Demat Account: Definition, Types & Benefits

A Demat account helps investors hold shares and securities in an electronic format. It is also commonly known as a Dematerialised account. A demat account, short for "dematerialized account," is a crucial tool for investors in India's financial markets. Functioning akin to a bank account, it serves as an electronic repository for various securities, including stocks, bonds, mutual funds, government securities, and ETFs. These holdings are stored electronically, eliminating the need for physical certificates and ensuring safety and convenience for investors. With demat accounts, investors can easily buy, sell, and manage their securities online, thereby reducing paperwork and transaction costs. Click here to know more: https://www.icicidirect.com/services/account-opening/open-demat-account

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