What is a Demat account?
A Demat account allows you to hold your shares in an electronic format for holding stocks, bonds, mutual funds, and Exchange Traded Funds(ETFs), and other securities. Demat means dematerializing. It has securities that were converted from physical to electronic form, there is no risk of theft, forgery, tampering of shares.
What is a Trading Account?
A trading account is used to place buy or sell orders in the stock market
To create an account and verify the account just need to do the KYC by using an Aadhaar and some selfies.
There are many brokers in the market to open your account but below 2 are the topmost used by the trader.
- Upstox
Create your account by using the below referral to get discounts on successful account creation and free access to all Upstox Apps.
https://bv7np.app.goo.gl/1CScjxy1gMybWMVN6 - Zerodha
Create your account by using the below referral to get 300 reward point on successful account creation.
https://zerodha.com/?c=VZW966&s=CONSOLE
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