De-mat Account – Benefits and Process of Materialization
The Indian capital market has witnessed phenomenal growth in the past decade and a half in terms of listed companies, number of stock exchanges, investor population and trade volumes. One of the major reasons behind this growth has been the introduction of De-mat Account.
The Demat account is an account in which all shares and securities are held electronically, doing away with all the paper based certificates and slips that were prevalent during the pre liberalization period. The process of conversion of Shares into Electronic Form is referred to as Dematerialisation.
The following article highlights the benefits of opening a Demat Account and the Process of Dematerialisation apart from discussing the need for opening a Demat Account
