The Demat account is more than just a depository for investors' securities. You can easily open a Upstox Demat account online without any account opening or account maintenance charges. While opening up a Demat account, you will have to bear some charges to maintain your account, such as Demat account opening charges, safety charges or custodian fees, annual maintenance charges, transaction charges, etc. However, you don’t need a Demat Account to invest in mutual funds, insurance schemes and other traditional saving options. It is now mandatory to have a Demat Account to buy or sell securities that are listed on the exchanges, such as stocks of companies. It does not only save your time, but it also reduces the transaction cost. You need to link your bank account with your Demat account, through which you can easily buy and sell shares. When you sell the stocks or shares you have purchased, they will get debited from your account.īy opening the Demat account, you do not need to transfer your share certificates physically to the buyer.
When you buy stocks or shares, they will get credited to your account.
Demat account is necessary to hold securities electronically. Demat account is an acronym for Dematerialized accounts.Īs you need to have a bank account to deposit your money and earn interest, in the same way, you need to open a Demat account to buy or sell financial securities such as stocks and Equity Traded Funds(ETFs).
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