Why is it important to open a Demat account?
It is important to open a Demat account as only then will one be able to buy and sell stocks, bonds and commodities. Without such an account, the selling and buying of securities cannot take place.
One of the basic criteria for participating in an Initial Public Offering (IPO), purchasing shares, and trading in stock markets is to establish an online Demat Account. A Demat account stores your shares and securities in electronic form and, like a bank account, keeps track of your share sales and purchases.
In your Demat Account, you can keep a wide range of assets. They are as follows:
If you wish to own shares or assets and start trading in stock markets, you must have a Demat Account. All you need to do is create an online Demat Account with a reputable partner that can give a simple platform for opening your account as well as cutting-edge data and analysis to assist you remain ahead in the stock trading journey. Choosing a broker such as IIFL Securities 2-in-1 Demat-cum-Trading account is perfect for making it simple to purchase and sell shares.