DEMAT ACCOUNT

A Demat account (short for "Dematerialized Account") is an account to hold financial securities like equity, debt, mutual funds, bonds, index and gold, IPOs, NCDs, ETFs, government securities etc. in electronic form. In India, demat accounts are maintained by two depository organisations, NSDL and CDSL. One of the biggest benefits of a demat account is that it allows to hold their shares and securities in electronic format. This makes the entire process of trading, investing, holding and monitoring shares and securities much faster, easier, cost-efficient and convenient. With Demat accounts you can apply for IPO, NFO, BONDs, NPS, Stock SIP and many more.Your securities can act as collateral towards a loan. The securities held in the account can provide the investor his exact and detailed holding to enable him to apply for a loan from the bank.