Demat account is used to keep shares, bonds and other securities purchased from the stock market in digital form.
You can keep all the shares you have purchased safe in the demat account.
You can easily use the online platform to trade in the stock market.
In simple words, a demat account is type of your bank account.
The account in which your shares are kept in digital form or demat form.
To open a demat account, you need all these documents, Aadhar card, Bank passbook, cancel cheque, Pan card and Passbook size photo.
Demat account keeps your shares and other securities in the safest condition.
Trade settlement in demat account is completed in just one day.