Question { India Infoline, 23014 }
What is Demat Account? what is the use of it?
Answer
A demat account is used for holding securities in the electronic format, after they are purchased or dematerialized. It is provided by two depositories – NSDL and CDSL respectively. Read more about the working, functions, and use of demat account here: http://www.angelbroking.com/demat-account