Demat Account is an account wherein you can hold shares of various companies in the dematerialised (electronic) form. Dematerialisation is the process by which physical certificates of an investor are converted to an equivalent number of securities in an electronic form and are credited into the beneficiary’s account with his Depository Participant.
There are various benefits of dematerializing securities such as-
You get a Demat Account from a company like Angel Broking that provides Demat Account Services.
Companies who are Depository Participants are registered with a Depository that gives them the authority to provide Demat Services.