Benefits to Open an Online Demat Account with Religare Broking

A Demat Account is an account that allows investors to hold their shares in an electronic form in place of physical form. The abbreviation of a Demat Account is Dematerialization Account. To open a free Demat account online, you need to upload few documents. A demat account number is compulsory to enable electronic settlements of all the trades.

Demat account is similar to a bank account, where you hold your money and respective transaction entries are done in bank passbook. Similarly, securities too are held in electronic form and are debited or credited accordingly. A demat account can be opened with zero balance of shares.