A demat account is similar to a bank account for your securities or investments. The main distinction is that while a bank account holds a depositor’s money, the online demat account contains your stocks, bonds, debentures, government securities (Gsecs), mutual fund units, exchange traded fund (ETF) units and so forth in an electronic form. It’s a splendid choice to open demat account online.
The structure of the dematerialized system comprises a depository, which is the substance that really holds your securities. This could be contrasted with a bank, which holds your money. The depository has committed agents called depository participants, all the more normally alluded to as DPs. In the event that you need to use the services of a depository then you have to open an account with a DP that is equal to opening an account with a bank extension. You can approach any bank to open demat account online and oversee it.
When an account is opened you can use this to hold your various investments. When you make an investment such as purchasing some stocks, then the amount of stocks is specifically credited to your demat account. On the off chance that you trade some stocks, then those stocks will transferred out of your demat account, which will then show the offset remaining in that. Whenever, your demat account will reflect the details of your existing holdings. So, all that you have to do is just check your account every once in a while to get all the individual details including the amount and estimation of every investment.