When you enter the Indian stock market for online stock trading, best Demat account provided by the stockbroker serves the purpose of storing the stocks and securities electronically and avoiding any physical control of the certificates. The Demat account can be registered with the NSDL (National Securities Depository Ltd) or CDSL (Central Depository Services India Ltd), two well-recognized existing depositories in India.
Get the Demat Account meaning in simple words here: Suppose, if you have some money, you can keep that it in the bank by having the bank account to store it. Likewise, a Demat account is used to hold the shares/stocks or securities in an electronic form. The account can store your shares as per your buying and selling in the stock market. Moreover, buying of shares would take place with the help of trading account and then they would further be stored in the Demat account.
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