What is Demat Account?
Demat account is also known as a Dematerialized account. The primary use of Demat account is to hold shares and securities in electronic format. It helps you in online trading like buying or selling shares, or converting physical shares into electronic form.
What is the difference between trading account and Demat account?
A Demat account comes with a trading account linked to it, with unique login credentials. So, you will need to use the trading account for transacting and investing in stocks. Demant account holds all the purchased shares while trading account helps you sell and purchase the securities.
Which banks in India offer Demat account?
All large banks in India offer demat account. This includes SBI, PNB, ICICI Bank, HDFC Bank, Yes Bank, Axis Bank. Demat account is an account where you hold the shares of the company in electronic format. They are similar to a bank account but instead of keeping money, we keep shares, mutual funds, bonds, ETFs, etc. in demat account.
who is discount brokers?
A discount broker is technically someone who assists you in trading with the stock exchange and lets you buy or sell shares but at an immensely less brokerage amount as compared to the other stockbrokers.
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