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What is demat account what is the use of it?
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The full form of the Demat account is a dematerialised account and it is used to hold shares in an electronic format that further helps in trading. Dematerialised means that these shares have been converted from physical to electronic shares, thus making it easy for investors to trade on an online platform. A Demat Account holds all the investments an individual makes in shares, various securities, bonds and mutual funds in one place. In India, there are a lot of depository participants that provide Free Demat account services.

These Demat accounts can also be opened through apps such as Kotak Securities apps. It provides its user to open a safe and secure account through an easy procedure. Kotak is primarily a stockbroker who helps its users trade in stocks. Using the Kotak Securities app you can open a linked 2 in 1 Demat and Trading account using your official documents like AADHAR card, PAN card, etc. and you can start investing money through it anywhere with the help of your mobile phone. This reduces the extra effort of linking your Demat and trading account and is an easily accessible and very quick way to invest money.
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RE: What is demat account what is the use of it? - by Rameshjaa - 18-02-2022, 01:13 PM

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