in this blog, we will learn What is a Demat Account?. Whether Demat Account is same as Broker Account. Also, Learn How to Open A Demat Account with any Authorized Broker in India.
Table of Contents
What is a Demat Account
In India, there are only Two Depositories.
The main Work of these Depositories is to hold the various form of Securities in Dematerialize Form. Securities such as Share, Bond, Debenture, Government Securities, and So on.
Each Depository opens a separate Account for holding the Share in Dematerialize Form is called a Demat Account.
A Demat Account is just like a Saving Account. Entry of Cash withdrawal and Deposit transactions are kept in bank savings or current accounts. in the same manner, Entry for the buy and sales of the share is kept in Demat Account.
When any person buys the share, the number of purchased shares are credited means added to his Demat Account. and when any number of Shares are sold then it is debited means deducted from his Demat Account.
Whether Demat Account is same as a Broker Account?
Many people have doubts on Demat account and Broker account. because, they believe that both Demat Account and Broker Accounts are same. but, in reality both Accounts Are Different.
When any person opens an Account with Authorized Broker are Called a Broker Account.
This Demat Account is linked with the Broker Account, which you have open with the Stock Broker. So, when you buy a share of any company, then the first Share will be credited to the Broker Account. After that, it will be credited to Demat Account.
In Shorts, The Broker Account handling your Money only. when you Demat Account holding Your Share.
Top 10 Stock Broker In India
You are looking for the Best Stock Broker in India. here, is the List of Top 10 Stock Broker In India. There are many brokers in India. but, following are the list of Top Stock Broker in India having the most Active Client. you can open a Demat Account with any Stock Broker.
- ICICI Direct
- Angel Broking
- HDFC Securities
- Kotak Securities
- Motilal Oswal
Angel broking is a leading stockbroker register with SEBI. Also, Angel Broking is considered as Ideally India’s best Stockbroker having the excellent Rating.
How to Open A Demat Account
Nowadays, Opening a Demat Account is very easy. you can Open a Demat Account Online. Here, are the steps to open a Free Demat Accounts.
If you can Open a Free Demat Account in just 5 Minutes with Angel Broking. Angel Broking giving you the services of opening a free Demat Account. You can open a free Demat account by click on the below link and also get the Voucher of rs. 500.
Watch below for Opening A free Demat Account online with angel broking.
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