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Introduction • A Demat account, short for dematerialized account, is an electronic account that holds shares and securities in electronic format. It eliminates the need for physical share certificates and facilitates easy trading and investing in the stock market. In today's digital age, investing in the stock market has become increasingly accessible to the masses. One of the first steps towards venturing into the world of investments is opening a Demat account. This article will guide you through the process to open a free Demat account, highlighting its benefits, understanding the process, and providing useful tips for maintenance.
Tips for Maintaining a Demat Account • Regularly monitor your investments and review your portfolio. • Keep your contact details updated with your DP to receive timely notifications. • Be cautious while sharing your Demat account details and passwords to prevent unauthorized access. • Familiarize yourself with the terms and conditions of your DP to avoid any misunderstandings.