Purpose of Demat account

12/05/2022 Financial & Legal Services

Price: 1.00 ₹

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The purpose of opening a Demat account is to let users buy, sell, hold and monitor shares and securities quickly and cost-effectively without getting trapped in any forgery, fraud or financial damage.

So, in a nutshell, it can be concluded that a Demat account is to hold the shares which have been bought or dematerialised securely and make share trading easy for the users while performing Online Trading.

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