A Demat Account, also known as dematerialised account, holds your securities and shares in electronic format. In the Indian market, the Demat accounts are maintained by two depositories: The National Securities Depository Limited and the Central Depository Services Limited.
A Demat account eliminates the risk of theft, forgery, loss, etc. Users can open a Demat account online with any trusted online stockbroker using minimum details such as:
Step 1: Search for a depository participant
Step 2: After doing so, you will have to complete the application form and submit the details
Step 3: Add your Bank Details
Step 4: Document Upload
Step 5: In-person verification
Step 6: E-signature
Step 7: Final form submission and authentication
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