A DEMAT Account stands for Dematerialized Account. Previously, people would receive stock certificates, generating a lot of paperwork. Moreover the dangers of fake certificates, theft destruction by elements were also averted.
DEMAT account is like a Bank Account, and can be used to store securities stored in an electronic form. Some examples are:
Dematerialised securities have also made trading and investing in capital markets much easier for participants by:
How to Open a Trading & DEMAT account in India?
Opening a DEMAT & Trading Account in India today is a fairly simple process.
The Documents needed are:
With SAMCO, India’s leading Discount Broker, you can open a Trading & DEMAT Account in 3 easy steps!
SAMCO is a Depository Participant with Central Depository Services Ltd. (CDSL).
Our main DP is CDSL: IN-DP-CDSL-443-2008.