What is a demat account and who needs to open it?
A demat account is required if you want to do stock trading. A demat account works in the same way as a bank account. When you sell or buy stock, the shares in your account are either debited or credited. Read further to get a better understanding!
A growing number of people have started trading to earn some extra money, or to create an alternative stream of income. However, one must be aware that opening a demat account is the first step before foraying into the stock market.