Definition of Demat account
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Demat account Definition from Encyclopedia Dictionaries & Glossaries
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The term "demat", in India, refers to a dematerialised account for individual Indian citizens to trade in listed fsfv fdf stocks or debentures in electronic form rather than paper, as required for investors by the Securities and Exchange Board of India (SEBI). In a demat account, shares and securities are held electronically instead of the investor taking physical possession of certificates. A demat account is opened by the investor while registering with an investment broker (or sub-broker). The demat account number is quoted for all transactions to enable electronic settlements of trades to take place.
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