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A Demat Account is a kind of account that is used to keep electronic copies of shares and securities. The aim of a Demat account is to store shares that have been purchased or dematerialized (converted from physical to electronic shares), making online share trading easier for users.
A Demat account allows you to store shares and assets in a technologically safe and convenient manner. It protects physical credentials against theft, counterfeiting, loss, and damage. You may transfer securities instantly using a Demat account. The shares are digitally transferred to your account after the transaction is authorised. Furthermore, you will get shares automatically into your account in the event of events such as stock bonuses, mergers, and so on. By just login onto the website, you may get details about these actions in your Demat account. Using your smartphone or PC, you may trade on the move. As a result, you won't need to go to the stock market to do business. Because there is no stamp duty associated with the transfer of shares, you also benefit from lower transaction expenses. These advantages and benefits of a Demat account encourage investors to trade more often, improving their chances of making a profit.
Trading via a Demat account is comparable to physical trading, with the exception that it is done electronically. To begin trading, log into your online trading account and place an order. Both trading and Demat accounts must be linked for this to work. The exchange will process an order after it has been placed. Before the order is processed, the market price of the shares is recorded in the Demat account, and the availability of the shares is checked. Shares are shown in your statement of holdings after the procedure is completed. A delivery instruction letter containing stock information must be supplied when a shareholder wants to sell shares. The account is then debited for the shares, and the cash value is credited to the trading account.