A Demat account, short for Dematerialized account, is a digital or electronic account that holds securities and financial instruments in electronic form. It serves as an alternative to holding physical share certificates and other financial documents. The primary purpose of a Demat account is to facilitate the easy and secure trading of stocks, bonds, mutual funds, and other financial instruments in the digital format.
Opening a Demat account is a prerequisite for trading and investing in the stock market in many countries. It is typically linked to the investor's trading account, which is used to place buy and sell orders. The combination of a Demat account and a trading account provides a comprehensive platform for managing and executing financial transactions in the securities market.
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