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Demat account:
A Demat account, also known as a dematerialized account, allows investors to own shares in electronic form. A depository is a financial institution that functions similarly to a bank. Shares, bonds, government securities, mutual funds, and other financial instruments are held in a Demat account. It entails the conversion of physical shares into electronic form for ease of access and trading. It allows you to purchase and sell stock on the stock exchange without needing to exchange real share certificates or documentation. One of the key features of a Demat account is the ease with which you can invest in the equities market without the inconvenience of owning shares in physical form. There is no risk of physical damage to share certificates or theft because equities are maintained in electronic format. A Demat account is a secure, simple, and cost-effective solution to keep track of your important investment certificates and assets. Open a Demat account for free and start your investment journey with us.