To invest in Share Market in India, Everyone should Open Demat and Trading Account.
What is Demat Account?
A Demat or dematerialize account is an account which is required for holding shares or securities of any other nature in electronic form instead of paper format. An investor purchases and sells securities through the Trading Account and after T+2 days the securities are transferred to the Demat Account.
What is Trading Account?
Trading account is an account which is required for execution of purchase of listed securities in the Indian stock market. A bank account is linked with your Elite trading account and the holder of the elite trading account can transfer the funds directly into his/her trading account via net banking from his/her account. On having the clear balance in your trading account you can buy shares, which further gets transferred to your demat account with elite wealth advisors ltd.
What is Dematerialization?
A process through which you can convert your physical shares into electronic format is called Dematerialization.