Thursday, 3 September 2015

What is demat account?

Demat account is required for trading in stock markets. In India, we can open the demat account 
with (National securities depository ltd)NSDL participants like ICICIDirect, Sharekhan etc.

When you buy the stock, cotract notes are created and kept in safe custody of 
NSDL as long as you hold the stock.

In the past, before arrival of digital contract notes, physical contract notes 
used to be issued to the shareholder. But now demat accounts can be used 
to store the contracts in digital formats 

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