A Demat account, short for "Dematerialized Account," is a type of electronic account that allows an individual to hold securities such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) in a dematerialized or electronic form. It eliminates the need for physical share certificates, making it easier and more convenient to buy, sell, and transfer securities. A Demat account can be opened with a bank or a broker, and it provides a secure and transparent way to manage investment holdings.
Source: https://infinysolutions.com/the-demat-account-what-is-it-and-why-do-you-need-one/
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