A demat account is an Indian term for a dematerialized account that holds financial securities (equity or debt) digitally for traded shares in the share market.
A security is a tradable financial asset; the term commonly refers to any form of a financial instrument, but its legal definition varies by jurisdiction.
Purchases and sales of securities on the demat account are automatically made once transactions are confirmed and completed.
Charges for all fees vary by depository participant.
Opening a demat account requires providing documents that fulfill the requirements of Know Your Customer rules.