How to open a demat account online?
What is Demat or Dematerialization? It is a process that enables physical stock certificates to be converted to electronic form. Following that, shares are easier to maintain and have more accessibility from everywhere on the planet. You may now monitor and manage your holdings on the go with the help of dematerialization. What is a Depository Participant? A depository participant serves as an intermediary or agent for a central depository, providing the same services to investors and traders as the central depository. The apex trade and investment regulatory agency SEBI now has two central depositories registered. • NSDL • CDSL To open a Demat account online , a depository participant must be affiliated with one of these two authorized operators. Unique 16-digit client ID. A unique 16-digit client ID is provided to each Demat account, which serves as the investor's identification. The first eight digits of the ID indicate the depository participant, while the final eight digits