It’s now possible to quickly and easily trade stocks,Open online demat accuntonline – What is Demat Account and its procedure? Articles bonds, and other assets online. A Demat account allows you to take advantage of an online trading platform in which your shares or other assets are held on a standardized electronic system, rather than in the form of physical certificates.
To stay up with the changes and compete with other industrialized nations that also provided electronic trading platforms to eliminate fraud, increase market efficiency, and simplify trade, the Indian government approved the requirements for a Demat account in 1996.
Trading in financial securities requires a Demat account, as mandated by the Securities Exchange Board of India (SEBI). Research indicates that in 2018, nearly 3.76 million new Demat accounts were established, the biggest number since 2007-2008, when 3 million accounts were opened. It’s a sign that people want to put their money into the stock market immediately.
An explanation of Demat accounts.