Demat account or Dematerialization account is used to hold stock or shares and mutual funds in an electronic format. It saves you from all the hassles of keeping your shares in a physical form. We can say that to trade shares online one personnel needs a trading account and to keep them in an electronic form one needs a demat account. Both the accounts are mandatory for online trading. SMC offers a 2 in 1 account that includes a demat account for NSDL or CDSL and a trading account to buy and sell various financial instruments.
SMC is an award-winning share broker in India having won the trust of over 1.8 million happy customers. It has a presence in over 550+ cities in India with a strong network of 2500+ sub-brokers.
To open your free demat& trading account with SMC in 15 minutes.
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Location
11/6B, Shanti Chamber Pusa Road, New Delhi Delhi, India